u.s. treasury exchange rates


What is the United States Treasury's policy on foreign exchange rates?

The Internal Revenue Service has no official exchange rate. Generally, it accepts any posted exchange rate that is used consistently. When valuing currency of a foreign country that uses multiple exchange rates, use the rate that applies to your specific facts and circumstances.

What is the Treasury Reporting Rate of Exchange?

The Treasury Reporting Rates of Exchange dataset provides the U.S. government's authoritative exchange rates to ensure consistency for foreign currency units and U.S. dollar equivalents across all reporting done by agencies of the government.

What factors affect foreign exchange rates?

Many factors can potentially influence the market forces behind foreign exchange rates. The factors include various economic, political, and even psychological conditions. The economic factors include a government’s economic policies, trade balances, inflation, and economic growth outlook.

Who is responsible for establishing the exchange rates for all foreign currencies?

The Secretary of the Treasury has the sole authority to establish the exchange rates for all foreign currencies or credits reported by government agencies under federal law. For pulling specific exchange rates based on country or currency please see the Notes and Known Limitations below.

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