2017 FBAR Currency Conversion Rates | FBAR Lawyer and Attorney
Using proper currency conversion rates is a very important part of preparing 2017 FBAR and 2017 Form 8938. The instructions to both forms require (in case of FATCA Form 8938, this is the default choice) US taxpayers to use the 2017 FBAR Currency Conversion Rates published by the Treasury Department. The 2017 FBAR Currency Conversion Rates may also be used for other purposes, not just the preparation of the 2017 FBAR and Form 8938.
The 2017 FBAR Currency Conversion Rates are the December 31, 2017 rates officially published by the U.S. Department of Treasury (they are called “Treasury’s Financial Management Service rates” or the “FMS rates”) and they are the proper conversion rates that must be used while preparing FBAR and Form 8938.
Due to this importance of the 2017 FBAR Currency Conversion Rates to US taxpayers, international tax lawyers and international tax accountants, Sherayzen Law Office provides the table below the official 2017 FBAR Currency Conversion Rates (keep in mind, you still need to refer to the official website for any updates).
|
Country – Currency |
Foreign Currency to $1.00 |
| AFGHANISTAN – AFGHANI |
69.3200 |
| ALBANIA – LEK |
110.6000 |
| ALGERIA – DINAR |
114.6590 |
| ANGOLA – KWANZA |
170.0000 |
| ANTIGUA – BARBUDA – E. CARIBBEAN DOLLAR |
2.7000 |
| ARGENTINA – PESO |
19.1600 |
| ARMENIA – DRAM |
485.0000 |
| AUSTRALIA – DOLLAR |
1.2790 |
| AUSTRIA – EURO |
0.8330 |
| AZERBAIJAN – NEW MANAT |
1.7100 |
| BAHAMAS – DOLLAR |
1.0000 |
| BAHRAIN – DINAR |
0.3770 |
| BANGLADESH – TAKA |
82.0000 |
| BARBADOS – DOLLAR |
2.0200 |
| BELARUS – NEW RUBLE |
1.9730 |
| BELGIUM – EURO |
0.8330 |
| BELIZE – DOLLAR |
2.0000 |
| BENIN – CFA FRANC |
562.3300 |
| BERMUDA – DOLLAR |
1.0000 |
| BOLIVIA – BOLIVIANO |
6.8600 |
| BOSNIA – HERCEGOVINA – MARKA |
1.6300 |
| BOTSWANA – PULA |
9.8040 |
| BRAZIL – REAL |
3.3120 |
| BRUNEI – DOLLAR |
1.3420 |
| BULGARIA – LEV |
1.6310 |
| BURKINA FASO – CFA FRANC |
562.3300 |
| BURMA – KYAT |
1354.0000 |
| BURUNDI – FRANC |
1720.0000 |
| CAMBODIA (KHMER) – RIEL |
4103.0000 |
| CAMEROON – CFA FRANC |
567.7900 |
| CANADA – DOLLAR |
1.2550 |
| CAPE VERDE – ESCUDO |
92.0260 |
| CAYMAN ISLANDS – DOLLAR |
0.8200 |
| CENTRAL AFRICAN REPUBLIC – CFA FRANC |
567.7900 |
| CHAD – CFA FRANC |
567.7900 |
| CHILE – PESO |
614.2300 |
| CHINA – RENMINBI |
6.5040 |
| COLOMBIA – PESO |
2981.7900 |
| COMOROS – FRANC |
411.0000 |
| CONGO – CFA FRANC |
567.7900 |
| CONGO, DEM. REP – CONGOLESE FRANC |
1580.0000 |
| COSTA RICA – COLON |
564.0000 |
| COTE D’IVOIRE – CFA FRANC |
562.3300 |
| CROATIA – KUNA |
6.2300 |
| CUBA – PESO |
1.0000 |
| CYPRUS – EURO |
0.8330 |
| CZECH REPUBLIC – KORUNA |
20.8840 |
| DENMARK – KRONE |
6.2070 |
| DJIBOUTI – FRANC |
177.0000 |
| DOMINICAN REPUBLIC – PESO |
48.1100 |
| ECAUDOR – DOLARES |
1.0000 |
| EGYPT – POUND |
17.7300 |
| EL SALVADOR – DOLARES |
1.0000 |
| EQUATORIAL GUINEA – CFA FRANC |
567.7900 |
| ERITREA – NAKFA |
15.0000 |
| ESTONIA – EURO |
0.8330 |
| ETHIOPIA – BIRR |
27.2000 |
| EURO ZONE – EURO |
0.8330 |
| FIJI – DOLLAR |
2.0170 |
| FINLAND – EURO |
0.8330 |
| FRANCE – EURO |
0.8330 |
| GABON – CFA FRANC |
567.7900 |
| GAMBIA – DALASI |
47.0000 |
| GEORGIA – LARI |
2.6100 |
| GERMANY FRG – EURO |
0.8330 |
| GHANA – CEDI |
4.5200 |
| GREECE – EURO |
0.8330 |
| GRENADA – EAST CARIBBEAN DOLLAR |
2.7000 |
| GUATEMALA – QUENTZAL |
7.3300 |
| GUINEA – FRANC |
9004.0000 |
| GUINEA BISSAU – CFA FRANC |
562.3300 |
| GUYANA – DOLLAR |
215.0000 |
| HAITI – GOURDE |
62.9500 |
| HONDURAS – LEMPIRA |
23.5000 |
| HONG KONG – DOLLAR |
7.8150 |
| HUNGARY – FORINT |
258.4500 |
| ICELAND – KRONA |
104.0900 |
| INDIA – RUPEE |
63.7500 |
| INDONESIA – RUPIAH |
13490.0000 |
| IRAN – RIAL |
36057.0000 |
| IRAQ – DINAR |
1166.0000 |
| IRELAND – EURO |
0.8330 |
| ISRAEL – SHEKEL |
3.4710 |
| ITALY – EURO |
0.8330 |
| JAMAICA – DOLLAR |
128.0000 |
| JAPAN – YEN |
112.5500 |
| JERUSALEM – SHEKEL |
3.4710 |
| JORDAN – DINAR |
0.7080 |
| KAZAKHSTAN – TENGE |
331.3100 |
| KENYA – SHILLING |
103.2000 |
| KOREA – WON |
1065.9301 |
| KUWAIT – DINAR |
0.3010 |
| KYRGYZSTAN – SOM |
69.0000 |
| LAOS – KIP |
8274.0000 |
| LATVIA – EURO |
0.8330 |
| LEBANON – POUND |
1500.0000 |
| LESOTHO – SOUTH AFRICAN RAND |
12.3160 |
| LIBERIA – U.S. DOLLAR |
125.1700 |
| LIBYA – DINAR |
1.3570 |
| LITHUANIA – LITAS |
0.8330 |
| LUXEMBOURG – EURO |
0.8330 |
| MACAO – MOP |
8.0000 |
| MACEDONIA FYROM – DENAR |
51.0700 |
| MADAGASCAR – ARIA |
3235.6201 |
| MALAWI – KWACHA |
731.0000 |
| MALAYSIA – RINGGIT |
4.0440 |
| MALI – CFA FRANC |
562.3300 |
| MALTA – EURO |
0.8330 |
| MARSHALL ISLANDS – DOLLAR |
1.0000 |
| MARTINIQUE – EURO |
0.8330 |
| MAURITANIA – OUGUIYA |
355.0000 |
| MAURITIUS – RUPEE |
33.4000 |
| MEXICO – NEW PESO |
19.7040 |
| MICRONESIA – DOLLAR |
1.0000 |
| MOLDOVA – LEU |
17.0580 |
| MONGOLIA – TUGRIK |
2427.3999 |
| MONTENEGRO – EURO |
0.8330 |
| MOROCCO – DIRHAM |
9.3520 |
| MOZAMBIQUE – METICAL |
58.8500 |
| NAMIBIA – DOLLAR |
12.3160 |
| NEPAL – RUPEE |
102.4000 |
| NETHERLANDS – EURO |
0.8330 |
| NETHERLANDS ANTILLES – GUILDER |
1.7800 |
| NEW ZEALAND – DOLLAR |
1.4050 |
| NICARAGUA – CORDOBA |
30.6000 |
| NIGER – CFA FRANC |
562.3300 |
| NIGERIA – NAIRA |
359.0000 |
| NORWAY – KRONE |
8.1960 |
| OMAN – RIAL |
0.3850 |
| PAKISTAN – RUPEE |
110.4000 |
| PALAU – DOLLAR |
1.0000 |
| PANAMA – BALBOA |
1.0000 |
| PAPUA NEW GUINEA – KINA |
3.1350 |
| PARAGUAY – GUARANI |
5574.0000 |
| PERU – NUEVO SOL |
3.2360 |
| PHILIPPINES – PESO |
49.8490 |
| POLAND – ZLOTY |
3.4830 |
| PORTUGAL – EURO |
0.8330 |
| QATAR – RIYAL |
3.6400 |
| ROMANIA – LEU |
3.8800 |
| RUSSIA – RUBLE |
57.8450 |
| RWANDA – FRANC |
855.0000 |
| SAO TOME & PRINCIPE – DOBRAS |
20597.2227 |
| SAUDI ARABIA – RIYAL |
3.7500 |
| SENEGAL – CFA FRANC |
562.3300 |
| SERBIA – DINAR |
101.3300 |
| SEYCHELLES – RUPEE |
13.3800 |
| SIERRA LEONE – LEONE |
7645.0000 |
| SINGAPORE – DOLLAR |
1.3360 |
| SLOVAK REPUBLIC – EURO |
0.8330 |
| SLOVENIA – EURO |
0.8330 |
| SOLOMON ISLANDS – DOLLAR |
7.4910 |
| SOMALI – SHILLING |
575.0000 |
| SOUTH AFRICA – RAND |
12.3160 |
| SOUTH SUDANESE – POUND |
126.0000 |
| SPAIN – EURO |
0.8330 |
| SRI LANKA – RUPEE |
153.4000 |
| ST LUCIA – EC DOLLAR |
2.7000 |
| SUDAN – SUDANESE POUND |
9.0000 |
| SURINAME – GUILDER |
7.5200 |
| SWAZILAND – LILANGENI |
12.3160 |
| SWEDEN – KRONA |
8.1930 |
| SWITZERLAND – FRANC |
0.9750 |
| SYRIA – POUND |
515.0000 |
| TAIWAN – DOLLAR |
29.6460 |
| TAJIKISTAN – SOMONI |
8.7500 |
| TANZANIA – SHILLING |
2235.0000 |
| THAILAND – BAHT |
32.6000 |
| TIMOR – LESTE – DILI |
1.0000 |
| TOGO – CFA FRANC |
562.3300 |
| TONGA – PA’ANGA |
2.1140 |
| TRINIDAD & TOBAGO – DOLLAR |
6.6300 |
| TUNISIA – DINAR |
2.4580 |
| TURKEY – LIRA |
3.7880 |
| TURKMENISTAN – MANAT |
3.4910 |
| UGANDA – SHILLING |
3635.0000 |
| UKRAINE – HRYVNIA |
28.1450 |
| UNITED ARAB EMIRATES – DIRHAM |
3.6730 |
| UNITED KINGDOM – POUND STERLING |
0.7400 |
| URUGUAY – PESO |
28.7600 |
| UZBEKISTAN – SOM |
8030.0000 |
| VANUATU – VATU |
105.0000 |
| VENEZUELA – BOLIVAR |
3345.0000 |
| VIETNAM – DONG |
22708.0000 |
| WESTERN SAMOA – TALA |
2.4400 |
| YEMEN – RIAL |
250.5000 |
| ZAMBIA – NEW KWACHA |
9.9750 |
| ZAMBIA – KWACHA |
5455.0000 |
| ZIMBABWE – DOLLAR |
1.0000 |