2018 FBAR Currency Conversion Rates | FBAR Tax Lawyer & Attorney
2018 FBAR and 2018 Form 8938 instructions both require that 2018 FBAR Currency Conversion Rates be used to report the required highest balances of foreign financial assets on these forms. In the case of 2018 Form 8938, the 2018 FBAR Currency Conversion Rates is the default choice, not an exclusive one.
The U.S. Department of Treasury already published the 2018 FBAR Currency Conversion Rates online (they are called “Treasury’s Financial Management Service rates” or the “FMS rates”).
Since the 2018 FBAR Currency Conversion Rates are very important to US taxpayers, international tax lawyers and international tax accountants, Sherayzen Law Office provides the table below listing the official 2018 FBAR Currency 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 |
74.576 |
| ALBANIA – LEK |
107.05 |
| ALGERIA – DINAR |
117.898 |
| ANGOLA – KWANZA |
310.0000 |
| ANTIGUA – BARBUDA – E. CARIBBEAN DOLLAR |
2.7000 |
| ARGENTINA – PESO |
37.642 |
| ARMENIA – DRAM |
485.0000 |
| AUSTRALIA – DOLLAR |
1.4160 |
| AUSTRIA – EURO |
0.8720 |
| AZERBAIJAN – NEW MANAT |
1.7000 |
| BAHAMAS – DOLLAR |
1.0000 |
| BAHRAIN – DINAR |
0.3770 |
| BANGLADESH – TAKA |
84.0000 |
| BARBADOS – DOLLAR |
2.0200 |
| BELARUS – NEW RUBLE |
2.1600 |
| BELGIUM – EURO |
0.8720 |
| BELIZE – DOLLAR |
2.0000 |
| BENIN – CFA FRANC |
568.6500 |
| BERMUDA – DOLLAR |
1.0000 |
| BOLIVIA – BOLIVIANO |
6.8500 |
| BOSNIA – MARKA |
1.7060 |
| BOTSWANA – PULA |
10.6610 |
| BRAZIL – REAL |
3.8800 |
| BRUNEI – DOLLAR |
1.3610 |
| BULGARIA – LEV |
1.7070 |
| BURKINA FASO – CFA FRANC |
568.6500 |
| BURUNDI – FRANC |
1790.0000 |
| CAMBODIA (KHMER) – RIEL |
4103.0000 |
| CAMEROON – CFA FRANC |
603.8700 |
| CANADA – DOLLAR |
1.3620 |
| CAPE VERDE – ESCUDO |
94.8800 |
| CAYMAN ISLANDS – DOLLAR |
0.8200 |
| CENTRAL AFRICAN REPUBLIC – CFA FRANC |
603.8700 |
| CHAD – CFA FRANC |
603.8700 |
| CHILE – PESO |
693.0800 |
| CHINA – RENMINBI |
6.8760 |
| COLOMBIA – PESO |
3245.8000 |
| COMOROS – FRANC |
428.1400 |
| CONGO, DEM. REP – CONGOLESE FRANC |
1630.0000 |
| COSTA RICA – COLON |
603.5000 |
| COTE D’IVOIRE – CFA FRANC |
568.6500 |
| CROATIA – KUNA |
6.3100 |
| CUBA – PESO |
1.0000 |
| CYPRUS – EURO |
0.8720 |
| CZECH REPUBLIC – KORUNA |
21.9410 |
| DENMARK – KRONE |
6.5170 |
| DJIBOUTI – FRANC |
177.0000 |
| DOMINICAN REPUBLIC – PESO |
49.9400 |
| ECUADOR – DOLARES |
1.0000 |
| EGYPT – POUND |
17.8900 |
| EL SALVADOR – DOLARES |
1.0000 |
| EQUATORIAL GUINEA – CFA FRANC |
603.8700 |
| ERITREA – NAKFA |
15.0000 |
| ESTONIA – EURO |
0.8720 |
| ETHIOPIA – BIRR |
28.0400 |
| EURO ZONE – EURO |
0.8720 |
| FIJI – DOLLAR |
2.1080 |
| FINLAND – EURO |
0.8720 |
| FRANCE – EURO |
0.8720 |
| GABON – CFA FRANC |
603.8700 |
| GAMBIA – DALASI |
50.0000 |
| GEORGIA – LARI |
2.6700 |
| GERMANY – EURO |
0.8720 |
| GHANA – CEDI |
4.8250 |
| GREECE – EURO |
0.8720 |
| GRENADA – EAST CARIBBEAN DOLLAR |
2.7000 |
| GUATEMALA – QUENTZAL |
7.7150 |
| GUINEA – FRANC |
9076.0000 |
| GUINEA BISSAU – CFA FRANC |
568.6500 |
| GUYANA – DOLLAR |
215.0000 |
| HAITI – GOURDE |
77.1180 |
| HONDURAS – LEMPIRA |
25.0000 |
| HONG KONG – DOLLAR |
7.8320 |
| HUNGARY – FORINT |
280.1700 |
| ICELAND – KRONA |
116.1100 |
| INDIA – RUPEE |
69.8000 |
| INDONESIA – RUPIAH |
14440.0000 |
| IRAN – RIAL |
42000.0000 |
| IRAQ – DINAR |
1138.0000 |
| IRELAND – EURO |
0.8720 |
| ISRAEL – SHEKEL |
3.7490 |
| ITALY – EURO |
0.8720 |
| JAMAICA – DOLLAR |
126.0000 |
| JAPAN – YEN |
109.8500 |
| JERUSALEM – SHEKEL |
3.7490 |
| JORDAN – DINAR |
0.7080 |
| KAZAKHSTAN – TENGE |
375.1500 |
| KENYA – SHILLING |
101.8000 |
| KOREA – WON |
1114.4900 |
| KOSOVO – EURO |
0.8720 |
| KUWAIT – DINAR |
0.3030 |
| KYRGYZSTAN – SOM |
69.8000 |
| LAOS – KIP |
8535.0000 |
| LATVIA – EURO |
0.8720 |
| LEBANON – POUND |
1500.0000 |
| LESOTHO – SOUTH AFRICAN RAND |
14.3500 |
| LIBERIA – DOLLAR |
156.7100 |
| LIBYA – DINAR |
1.3860 |
| LITHUANIA – EURO |
0.8720 |
| LUXEMBOURG – EURO |
0.8720 |
| MACAO – MOP |
no listing |
| MACEDONIA FYROM – DENAR |
53.5000 |
| MADAGASCAR – ARIARY |
3470.2000 |
| MALAWI – KWACHA |
733.0000 |
| MALAYSIA – RINGGIT |
4.1300 |
| MALI – CFA FRANC |
568.6500 |
| MALTA – EURO |
0.8720 |
| MARSHALL ISLANDS – DOLLAR |
1.0000 |
| MARTINIQUE – EURO |
0.8720 |
| MAURITANIA – OUGUIYA |
36.0000 |
| MAURITIUS – RUPEE |
34.1500 |
| MEXICO – PESO |
19.6540 |
| MICRONESIA – DOLLAR |
1.0000 |
| MOLDOVA – LEU |
16.9930 |
| MONGOLIA – TUGRIK |
2642.9200 |
| MONTENEGRO – EURO |
0.8720 |
| MOROCCO – DIRHAM |
9.5300 |
| MOZAMBIQUE – METICAL |
61.5300 |
| MYANMAR – KYAT |
1535.0000 |
| NAMIBIA – DOLLAR |
14.3500 |
| NEPAL – RUPEE |
111.6000 |
| NETHERLANDS – EURO |
0.8720 |
| NETHERLANDS ANTILLES – GUILDER |
1.7800 |
| NEW ZEALAND – DOLLAR |
1.4900 |
| NICARAGUA – CORDOBA |
32.3000 |
| NIGER – CFA FRANC |
568.6500 |
| NIGERIA – NAIRA |
361.0000 |
| NORWAY – KRONE |
8.6800 |
| OMAN – RIAL |
0.3850 |
| PAKISTAN – RUPEE |
138.6000 |
| PALAU – DOLLAR |
1.0000 |
| PANAMA – BALBOA |
1.0000 |
| PAPUA NEW GUINEA – KINA |
3.2840 |
| PARAGUAY – GUARANI |
5956.0000 |
| PERU – NUEVO SOL |
3.3750 |
| PHILIPPINES – PESO |
52.4900 |
| POLAND – ZLOTY |
3.7530 |
| PORTUGAL – EURO |
0.8720 |
| QATAR – RIYAL |
3.6400 |
| ROMANIA – NEW LEU |
4.0690 |
| RUSSIA – RUBLE |
69.6800 |
| RWANDA – FRANC |
890.0000 |
| SAO TOME & PRINCIPE – NEW DOBRAS |
21.5350 |
| SAO TOME & PRINCIPE – DOBRAS |
20941.0080 |
| SAUDI ARABIA – RIYAL |
3.7500 |
| SENEGAL – CFA FRANC |
568.6500 |
| SERBIA – DINAR |
103.3900 |
| SEYCHELLES – RUPEE |
13.5500 |
| SIERRA LEONE – LEONE |
8620.0000 |
| SINGAPORE – DOLLAR |
1.3610 |
| SLOVAK REPUBLIC – EURO |
0.8720 |
| SLOVENIA – EURO |
0.8720 |
| SOLOMON ISLANDS – DOLLAR |
7.7520 |
| SOMALI – SHILLING |
575.0000 |
| SOUTH AFRICA – RAND |
14.3500 |
| SOUTH SUDANESE – POUND |
153.7000 |
| SPAIN – EURO |
0.8720 |
| SRI LANKA – RUPEE |
182.6000 |
| ST LUCIA – EC DOLLAR |
2.7000 |
| SUDAN – SUDANESE POUND |
47.0000 |
| SURINAME – GUILDER |
7.5200 |
| SWAZILAND – LILANGENI |
14.3500 |
| SWEDEN – KRONA |
8.9380 |
| SWITZERLAND – FRANC |
0.9840 |
| SYRIA – POUND |
515.0000 |
| TAIWAN – DOLLAR |
30.5880 |
| TAJIKISTAN – SOMONI |
9.3500 |
| TANZANIA – SHILLING |
2295.0000 |
| THAILAND – BAHT |
32.3500 |
| TIMOR – LESTE DILI |
1.0000 |
| TOGO – CFA FRANC |
568.6500 |
| TONGA – PA’ANGA |
2.1730 |
| TRINIDAD & TOBAGO – DOLLAR |
6.7700 |
| TUNISIA – DINAR |
3.0090 |
| TURKEY – LIRA |
5.2830 |
| TURKMENISTAN – NEW MANAT |
3.4910 |
| UGANDA – SHILLING |
3705.0000 |
| UKRAINE – HRYVNIA |
27.7000 |
| UNITED ARAB EMIRATES – DIRHAM |
3.6730 |
| UNITED KINGDOM – POUND STERLING |
0.7810 |
| URUGUAY – PESO |
32.3200 |
| UZBEKISTAN – SOM |
8310.0000 |
| VANUATU – VATU |
111.6900 |
| VENEZUELA – BOLIVAR – SOBERANO |
563.9800 |
| VENEZUELA – BOLIVAR – FUERTE |
248832.0000 |
| VIETNAM – DONG |
23190.0000 |
| WESTERN SAMOA – TALA |
2.5350 |
| YEMEN – RIAL |
480.0000 |
| ZAMBIA – NEW KWACHA |
11.9000 |
| ZIMBABWE – DOLLAR |
1.0000 |