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It depends. If it meets the criteria of having to file the 8938 when converting to US Dollars, then yes, you would need to file the 8938. Most foreign banks keep their local currency in their bank, so this does not exempt you from filing.
How do I find this form to fill out?
See this help article for more information about filing Form 8938.
Filing Form 8938 is only available to those using TurboTax Deluxe or higher. To get to the 8938 section in TurboTax, refer to the following instructions:
If the form isn't available to you in TurboTax, see this IRS webpage for the form and instructions.
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