Fbar exchange rate

[zlodnick]

Anyone know the new fbar exchange rate?

[Mavideol]

that should help you

 

https://www.xe.com/?cn=th

 

 

 

[bunnydrops]

Last day of last year

https://fiscaldata.treasury.gov/datasets/treasury-reporting-rates-exchange/treasury-reporting-rates-of-exchange

34.52

Edited February 10, 2023 by bunnydrops
addition

[Jingthing]

Seems so at 34.52

 

<record_date>2022-12-31</record_date>

<country>Thailand</country>

<currency>Baht</currency>

<country_currency_desc>Thailand-Baht</country_currency_desc>

<exchange_rate>34.52</exchange_rate>

 

 

 

Edited February 10, 2023 by Jingthing

[flexomike]

1 minute ago, Jingthing said:

Seems so at 34.52

 

<record_date>2022-12-31</record_date>

<country>Thailand</country>

<currency>Baht</currency>

<country_currency_desc>Thailand-Baht</country_currency_desc>

<exchange_rate>34.52</exchange_rate>

 

 

 

12/31/2022

Thailand

Baht

Thailand-Baht

34.52

12/31/2022

[lopburi3]

As said account value in baht on Dec 31, 2022 divided by 34.52 for USD entry on FBAR reports.

[zlodnick]

Thanks.      (Lopburi,. Highest account value anytime during the year ). 

[lopburi3]

1 minute ago, zlodnick said:

Thanks.      (Lopburi,. Highest account value anytime during the year ). 

 

1 minute ago, zlodnick said:

Thanks.      (Lopburi,. Highest account value anytime during the year ). 

Yes - sorry about that was fixed on the end of year date for exchange rate.  ????

[flexomike]

37 minutes ago, zlodnick said:

Thanks.      (Lopburi,. Highest account value anytime during the year ). 

You have to include all of your accounts for the correct valuation, I used three bank accounts, and it is the highest amount at anytime during the year 

[lopburi3]

47 minutes ago, flexomike said:

You have to include all of your accounts for the correct valuation, I used three bank accounts, and it is the highest amount at anytime during the year 

Each account is reported individually with max value of each.  Believe you mean if highest total value of all accounts is over 10k you have to do FBAR reporting?  

Edited February 10, 2023 by lopburi3