FBAR Department of Treasury Exchange Rates 2020

FBAR Department of Treasury Exchange Rates 2020

FBAR Department of Treasury Exchange Rates 2020

FBAR Department of Treasury Exchange Rates 2020: Each year, the Department of Treasury publishes their updated foreign income exchange rates. While Taxpayers are not required to use these exchange rates, oftentimes the Department of Treasury Exchange rates are used for translating currency on forms such as the FBAR (FinCEN Form 114) and IRS Form 8938 (Foreign Account Tax Compliance Act) — the latter which is filed with the IRS.

Please see the Department of Treasury Exchange Rates for 2020:

TREASURY REPORTING RATES OF EXCHANGE

As of

December 31, 2020

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

Azerbaijan-Manat

1.7000

Bahamas-Dollar

1.0000

Bahrain-Dinar

0.3770

Bangladesh-Taka

85.0000

Barbados-Dollar

2.0200

Belarus-New Ruble

2.5980

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 New

1.5940

Burkina Faso-CFA Franc

529.0000

Burma-Kyat

1,326.0000

Burundi-Franc

1,930.6100

Cambodia-Riel

4,051.0000

Cameroon-CFA Franc

529.2600

Canada-Dollar

1.2750

Cape Verde-Escudo

89.8300

Cayman Island-Dollar

0.8200

Central African Rep.-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

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