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posted Jun 5, 2019 10:23:00 PM

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

Looking to convert income from GBP to USD.

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1 Best answer
Level 15
Jun 5, 2019 10:23:02 PM

Go to this IRS site:

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

2 Replies
Level 15
Jun 5, 2019 10:23:02 PM

Go to this IRS site:

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

Level 2
Jun 5, 2019 10:23:03 PM

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.