2020 FBAR Conversion Rates | FBAR Tax Lawyer & Attorney
The 2020 FBAR conversion rates are highly important in US international tax compliance. The 2020 FBAR and 2020 Form 8938 instructions both require that 2020 FBAR conversion rates be used to report the required highest balances of foreign financial assets on these forms (in the case of Form 8938, the 2020 FBAR conversion rates is the default choice, not an exclusive one). In other words, the 2020 FBAR conversion rates are used to translate foreign-currency highest balances into US dollars for the purposes of FBAR and Form 8938 compliance.
The U.S. Department of Treasury already published the 2020 FBAR conversion rates online (they are called “Treasury’s Financial Management Service rates” or the “FMS rates”).
Since the 2020 FBAR conversion rates are highly important to US taxpayers, international tax lawyers and international tax accountants, Sherayzen Law Office provides the table below listing the official 2020 FBAR conversion rates (note that the readers still need to refer to the official website for any updates).
| Country – Currency | Foreign Currency to $1.00 |
| AFGHANISTAN – AFGHANI | 77.0900 |
| ALBANIA – LEK | 100.3500 |
| ALGERIA – DINAR | 132.2120 |
| ANGOLA – KWANZA | 649.6000 |
| ANTIGUA – BARBUDA – E. CARIBBEAN DOLLAR | 2.7000 |
| ARGENTINA – PESO | 89.2500 |
| ARMENIA – DRAM | 515.0000 |
| AUSTRALIA – DOLLAR | 1.2940 |
| AUSTRIA – EURO | 0.8150 |
| AZERBAIJAN – NEW MANAT | 1.7000 |
| BAHAMAS – DOLLAR | 1.0000 |
| BAHRAIN – DINAR | 0.3770 |
| BANGLADESH – TAKA | 85.0000 |
| BARBADOS – DOLLAR | 2.0200 |
| BELARUS – NEW RUBLE | 2.5980 |
| BELGIUM – EURO | 0.8150 |
| BELIZE – DOLLAR | 2.0000 |
| BENIN – CFA FRANC | 529.0000 |
| BERMUDA – DOLLAR | 1.0000 |
| BOLIVIA – BOLIVIANO | 6.8100 |
| BOSNIA – MARKA | 1.5940 |
| BOTSWANA – PULA | 10.7990 |
| BRAZIL – REAL | 5.1940 |
| BRUNEI – DOLLAR | 1.3220 |
| BULGARIA – LEV | 1.5940 |
| BURKINA FASO – CFA FRANC | 529.0000 |
| BURMA-KYAT | 1,326.0000 |
| BURUNDI – FRANC | 1,930.6100 |
| CAMBODIA (KHMER) – RIEL | 4,051.0000 |
| CAMEROON – CFA FRANC | 529.2600 |
| CANADA – DOLLAR | 1.2750 |
| CAPE VERDE – ESCUDO | 89.8300 |
| CAYMAN ISLANDS – DOLLAR | 0.8200 |
| CENTRAL AFRICAN REPUBLIC – CFA FRANC | 529.2600 |
| CHAD – CFA FRANC | 529.2600 |
| CHILE – PESO | 709.7500 |
| CHINA – RENMINBI | 6.5400 |
| COLOMBIA – PESO | 3,414.5000 |
| COMOROS – FRANC | 400.6200 |
| CONGO – CFA FRANC | 529.2600 |
| COSTA RICA – COLON | 609.1000 |
| COTE D’IVOIRE – CFA FRANC | 529.0000 |
| CROATIA – KUNA | 5.9500 |
| CUBA – Chavito | 1.0000 |
| CYPRUS – EURO | 0.8150 |
| CZECH REPUBLIC – KORUNA | 20.7540 |
| DEM. REP. OF CONGO – FRANC | 1,966.4800 |
| DENMARK – KRONE | 6.0650 |
| DJIBOUTI – FRANC | 177.0000 |
| DOMINICAN REPUBLIC – PESO | 58.1400 |
| ECUADOR – DOLARES | 1.0000 |
| EGYPT – POUND | 15.6900 |
| EL SALVADOR – DOLARES | 1.0000 |
| EQUATORIAL GUINEA – CFA FRANC | 529.2600 |
| ERITREA – NAKFA | 15.0000 |
| ESTONIA – EURO | 0.8150 |
| ETHIOPIA – BIRR | 39.1810 |
| EURO ZONE – EURO | 0.8150 |
| FIJI – DOLLAR | 2.0040 |
| FINLAND – EURO | 0.8150 |
| FRANCE – EURO | 0.8150 |
| GABON – CFA FRANC | 529.2600 |
| GAMBIA – DALASI | 52.0000 |
| GEORGIA – LARI | 3.2700 |
| GERMANY – EURO | 0.8150 |
| GHANA – CEDI | 5.8100 |
| GREECE – EURO | 0.8150 |
| GRENADA – EAST CARIBBEAN DOLLAR | 2.7000 |
| GUATEMALA – QUENTZAL | 7.7800 |
| GUINEA BISSAU – CFA FRANC | 529.0000 |
| GUINEA – FRANC | 9,990.0000 |
| GUYANA – DOLLAR | 215.0000 |
| HAITI – GOURDE | 71.6060 |
| HONDURAS – LEMPIRA | 25.0000 |
| HONG KONG – DOLLAR | 7.7530 |
| HUNGARY – FORINT | 296.7600 |
| ICELAND – KRONA | 127.1100 |
| INDIA – RUPEE | 73.0340 |
| INDONESIA – RUPIAH | 14,028.0000 |
| IRAN – RIAL | 42,000.0000 |
| IRAQ – DINAR | 1,138.0000 |
| IRELAND – EURO | 0.8150 |
| ISRAEL – SHEKEL | 3.2130 |
| ITALY – EURO | 0.8150 |
| JAMAICA – DOLLAR | 150.0000 |
| JAPAN – YEN | 103.0800 |
| JORDAN – DINAR | 0.7080 |
| KAZAKHSTAN – TENGE | 421.2700 |
| KENYA – SHILLING | 109.1000 |
| KOREA – WON | 1,087.6600 |
| KOSOVO – EURO | 0.8150 |
| KUWAIT – DINAR | 0.3040 |
| KYRGYZSTAN – SOM | 82.6500 |
| LAOS – KIP | 9,280.0000 |
| LATVIA – EURO | 0.8150 |
| LEBANON – POUND | 1,500.0000 |
| LESOTHO – MALOTI | 14.6730 |
| LIBERIA – DOLLAR | 163.0000 |
| LIBYA – DINAR | 1.3330 |
| LITHUANIA – EURO | 0.8150 |
| LUXEMBOURG – EURO | 0.8150 |
| MADAGASCAR – ARIARY | 3,824.8000 |
| MALAWI – KWACHA | 820.0000 |
| MALAYSIA – RINGGIT | 4.0200 |
| MALDIVES – RUFIYAA | 15.4200 |
| MALI – CFA FRANC | 529.0000 |
| MALTA – EURO | 0.8150 |
| MARSHALL ISLANDS – DOLLAR | 1.0000 |
| MARTINIQUE – EURO | 0.8150 |
| MAURITANIA – OUGUIYA | 37.0000 |
| MAURITIUS – RUPEE | 39.5500 |
| MEXICO – PESO | 19.9130 |
| MICRONESIA – DOLLAR | 1.0000 |
| MOLDOVA – LEU | 17.0800 |
| MONGOLIA – TUGRIK | 2,849.7700 |
| MONTENEGRO – EURO | 0.8150 |
| MOROCCO – DIRHAM | 8.9170 |
| MOZAMBIQUE – METICAL | 74.2000 |
| NAMIBIA – DOLLAR | 14.6730 |
| NEPAL – RUPEE | 117.0000 |
| NETHERLANDS – EURO | 0.8150 |
| NETHERLANDS ANTILLES – GUILDER | 1.7800 |
| NEW ZEALAND – DOLLAR | 1.3830 |
| NICARAGUA – CORDOBA | 34.9000 |
| NIGER – CFA FRANC | 529.0000 |
| NIGERIA – NAIRA | 385.0000 |
| NORWAY – KRONE | 8.5300 |
| OMAN – RIAL | 0.3850 |
| PAKISTAN – RUPEE | 159.7500 |
| PANAMA – BALBOA | 1.0000 |
| PANAMA – DOLARES | 1.0000 |
| PAPUA NEW GUINEA – KINA | 3.5090 |
| PARAGUAY – GUARANI | 6,891.9600 |
| PERU – SOL | 3.6190 |
| PHILIPPINES – PESO | 48.1730 |
| POLAND – ZLOTY | 3.7130 |
| PORTUGAL – EURO | 0.8150 |
| QATAR – RIYAL | 3.6400 |
| REP. OF N MACEDONIA – DINAR | 50.1300 |
| REPUBLIC OF PALAU – DOLLAR | 1.0000 |
| ROMANIA – NEW LEU | 3.9660 |
| RUSSIA – RUBLE | 74.4600 |
| RWANDA – FRANC | 950.0000 |
| SAO TOME & PRINCIPE – NEW DOBRAS | 20.0510 |
| SAUDI ARABIA – RIYAL | 3.7500 |
| SENEGAL – CFA FRANC | 529.0000 |
| SERBIA – DINAR | 95.8000 |
| SEYCHELLES – RUPEE | 20.9100 |
| SIERRA LEONE – LEONE | 9,997.0000 |
| SINGAPORE – DOLLAR | 1.3220 |
| SLOVAK REPUBLIC – EURO | 0.8150 |
| SLOVENIA – EURO | 0.8150 |
| SOLOMON ISLANDS – DOLLAR | 7.7340 |
| SOMALI – SHILLING | 575.0000 |
| SOUTH AFRICA – RAND | 14.6730 |
| SOUTH SUDANESE – POUND | 177.0000 |
| SPAIN – EURO | 0.8150 |
| SRI LANKA – RUPEE | 185.0000 |
| ST LUCIA – E CARIBBEAN DOLLAR | 2.7000 |
| SUDAN – SUDANESE POUND | 55.0000 |
| SURINAME – GUILDER | 14.2900 |
| SWAZILAND – LANGENI | 14.6730 |
| SWEDEN – KRONA | 8.1720 |
| SWITZERLAND – FRANC | 0.8810 |
| SYRIA – POUND | 1,256.0000 |
| TAIWAN – DOLLAR | 28.0740 |
| TAJIKISTAN – SOMONI | 11.3250 |
| TANZANIA – SHILLING | 2,314.0000 |
| THAILAND – BAHT | 29.9200 |
| TIMOR – LESTE DILI | 1.0000 |
| TOGO – CFA FRANC | 529.0000 |
| TONGA – PA’ANGA | 2.1980 |
| TRINIDAD & TOBAGO – DOLLAR | 6.6980 |
| TUNISIA – DINAR | 2.6830 |
| TURKEY – LIRA | 7.4240 |
| TURKMENISTAN – NEW MANAT | 3.4910 |
| UGANDA – SHILLING | 3,649.0000 |
| UKRAINE – HRYVNIA | 28.3000 |
| UNITED ARAB EMIRATES – DIRHAM | 3.6730 |
| UNITED KINGDOM – POUND STERLING | 0.7320 |
| URUGUAY – PESO | 42.1400 |
| UZBEKISTAN – SOM | 10,471.9200 |
| VANUATU – VATU | 106.2300 |
| VENEZUELA – BOLIVAR SOBERANO | 1,104,430.5870 |
| VENEZUELA – FUERTE (OLD) | 248,832.0000 |
| VIETNAM – DONG | 23,070.0000 |
| WESTERN SAMOA – TALA | 2.4440 |
| YEMEN – RIAL | 480.0000 |
| ZAMBIA – NEW KWACHA | 21.1400 |
| ZIMBABWE – RTGS | 79.7420 |