![]() ![]() Data series start at the beginning of 1970 and run to the last available data point. This indicator is measured in terms of national currency per US dollar. It includes both nominal and real exchange rates for 79 countries, plus the European Union (EU), as well as real trade-weighted exchange rate indexes for many commodities and aggregations. Exchange rates are defined as the price of one countrys currency in relation to another countrys currency. If you have annual figures or you choose to use this currency conversion method, use the rolling 12-month average rates.This dataset contains annual and monthly data for exchange rates important to U.S. If you have the income details for each month, use the table for mid-month exchange rates. Use these tables for all income (including from a controlled foreign company or foreign investment fund) where you do not need to use end-of-month exchange rates. Rolling 12-month average and mid-month rates You can download the file for the year you need. We provide the rates as PDF tables each year. We publish wholesale rates from the Reserve Bank of New Zealand for rolling 12-month average, mid-month actual and end-of-month rates. Determination - Foreign currency approval FX 21/01 More information can be found in the Determination issued on 21 December 2021. You must also keep a record of any calculations you undertake. ![]() You must keep sufficient records of the exchange rates you use, including source, type and date of rate. Further, you should use exchange rates consistently, both in terms of using the same source of rates for converting all your foreign currency amounts, and in doing this consistently over time. For example, it is not appropriate to use cash or foreign cheque rates. However, if you use a different foreign exchange rate source you must ensure that the rate you use is appropriate given the nature of your transaction. You may continue to use exchange rates from other sources for reasons such as established practices, integration with accounting software or to reduce compliance costs. You are free to choose your own rates and methods when converting foreign amounts to New Zealand dollars. Where foreign income is derived and foreign expenditure is incurred regularly throughout a period, using mid-month, end-of-month or rolling average rates is likely to be appropriate. The Commissioner considers that where there is a large volume of repeated transactions, it will generally be appropriate to use a rolling average rate to reduce the compliance costs of making daily conversions. These currency conversion methods can be used where their use would be appropriate for the transactions being converted to New Zealand dollars. The following currency conversion methods can be for converting foreign currency amounts to NZD.
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