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Posted

Saw this, it's been updated for 2021 since I looked at it last week.

 

https://www.irs.gov/individuals/international-taxpayers/yearly-average-currency-exchange-rates

 

Translating foreign currency into U.S. dollars
You must express the amounts you report on your U.S. tax return in U.S. dollars. Therefore, you must translate foreign currency into U.S. dollars if you receive income or pay expenses in a foreign currency. In general, use the exchange rate prevailing (i.e., the spot rate) when you receive, pay or accrue the item.

 

Average rate published is 31.997

 

 

 

 

 

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