What foreign exchange rate should I use to calculate my foreign earned wages?

AL6 · ‎June 5, 2019

Looking to convert income from GBP to USD.

TomD8 · ‎June 5, 2019

Go to this IRS site:

https://www.irs.gov/Individuals/International-Taxpayers/Yearly-Average-Currency-Exchange-Rates

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

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TomD8 · ‎June 5, 2019

Go to this IRS site:

https://www.irs.gov/Individuals/International-Taxpayers/Yearly-Average-Currency-Exchange-Rates

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

M42 · ‎June 5, 2019

A better resource for foreign exchange rate data is the St. Louis Fed Economic Research unit -- <a rel="nofollow" target="_blank" href="https://fred.stlouisfed.org/categories/15">https://fred.stlouisfed.org/categories/15</a> -- where they provide daily, monthly, yearly exchange rates for many major currencies.

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What foreign exchange rate should I use to calculate my foreign earned wages?