Yes, you can report your loss on your foreign currency conversion by following the steps below:
- Select Personal taxes
- Select Wages & income
- Select I'll choose what I work on
- Scroll to the section Less common income
- Select the line that reads Misc income 1099-A 1099-C
- Select the line Other Reportable Income
You will then add an item titled "Loss on foreign currency transactions." and enter the loss as a negative amount.
You may use the average exchange rate of 2015 or the exchange rate on the date you changed the money.
http://www.irs.gov/Individuals/International-Taxpayers/Yearly-Average-Currency-Exchange-Rates
http://www.oanda.com/currency/historical-rates/
