Currency Exchange Rate

Also known as the mid-market rate, the spot rate or the real exchange rate, the interbank rate is the exchange rate used by banks and large institutions when trading large volumes of foreign currency with one another. It is not made for individuals and smaller businesses, as smaller money transfers tend to attract a higher mark-up, so that the exchange offering the service can make a profit.

The Treasury Reporting Rates of Exchange dataset provides the U.S. government's authoritative foreign currency exchange rates for federal agencies to consistently report U.S. dollar equivalents. For more information on the calculation of exchange rates used by federal agencies, please see the Treasury Financial Manual, volume 1, part 2, section 3235. This Exchange Rate Converter Tool is designed to make foreign currency exchange data values easier to access for federal agency reporting purposes.

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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.

The only exception relates to some qualified business units (QBUs), which are generally allowed to use the currency of a foreign country. If you have a QBU with a functional currency that is not the U.S. dollar, make all income determinations in the QBU's functional currency, and where appropriate, translate such income or loss at the appropriate exchange rate.

Note: The exchange rates referenced on this page do not apply when making payments of U.S. taxes to the IRS. If the IRS receives U.S. tax payments in a foreign currency, the exchange rate used by the IRS to convert the foreign currency into U.S. dollars is based on the date the foreign currency is converted to U.S. dollars by the bank processing the payment, not the date the foreign currency payment is received by the IRS.

For additional exchange rates not listed below, refer to the governmental and external resources listed on the Foreign Currency and Currency Exchange Rates page or any other posted exchange rate (that is used consistently).

To convert from foreign currency to U.S. dollars, divide the foreign currency amount by the applicable yearly average exchange rate in the table below. To convert from U.S. dollars to foreign currency, multiply the U.S. dollar amount by the applicable yearly average exchange rate in the table below.

They are based on the daily concertation procedure between central banks across Europe, which normally takes place around 14:10 CET. The reference rates are published for information purposes only. Using the rates for transaction purposes is strongly discouraged.

Owing to current trading activity in the EUR/RUB market, the European Central Bank (ECB) is not in a position to set a reference rate that is representative of prevailing market conditions. The ECB has therefore decided to suspend its publication of a euro reference rate for the Russian rouble until further notice. The ECB last published a EUR/RUB reference rate on 1 March 2022.

This report provides exchange rate information under Section 613 of Public Law 87-195 dated September 4, 1961 (22 USC 2363 (b)) which gives the Secretary of the Treasury sole authority to establish the exchange rates for all foreign currencies or credits reported by all agencies of the government.

The primary purpose is to ensure that foreign currency reports prepared by agencies are consistent with regularly published Treasury foreign currency reports regarding amounts stated in foreign currency units and U.S. dollar equivalents.

This quarterly report reflects exchange rates at which the U.S. government can acquire foreign currencies for official expenditures as reported by disbursing officers for each post on the last business day of the month prior to the date of the published report.

If current rates deviate from the published rates by 10% or more, Treasury will issue amendments to this quarterly report. Starting in April 2021, an amendment to a currency exchange rate for the quarter will appear on the report as a separate line with a new effective date. Amendments made at the end of a month can be used for reporting purposes for transactions occurring during the remaining month(s) in the quarter.

Example: A currency amended on April 30th will appear on two lines of the report. One line for the original March 31st published rate and another line for the amended rate effective April 30th which would be valid for reporting purposes for May and June transactions. Amendments will also be issued to reflect the establishment of new foreign currencies.

To ensure all reports are translated at uniform exchange rates, all U.S. government agencies should use these rates, except as noted above, to convert foreign currency balances and reported transactions to U.S. dollar equivalents as of the date of this report and for the ensuing three months.

These rates are used to calculate amounts for the reimbursement of expenses, travel or subsistence costs for external people participating in meetings, interviews etc. at the request of the European Commission.

The rates indicated are the market rates for the second to last day of the previous month as quoted by the European Central Bank or, depending on availability, provided by the delegations or other appropriate sources close to that date.

InforEuro provides rates for current and old currencies for countries both inside and outside the European Union. For each currency, the converter provides the historic rates of conversion against the euro (or, until December 1998, against the ecu). These exchange rates are available in electronic format from March 1994 in the form of downloadable files.

Embed the exchange rates widget in your website or blog with adaptive size and numerous options for integration in your design. Our widget have more 190+ currencies and popular cryptocurrencies with support 11 languages.

Embed the currency converter widget in your website or blog with adaptive size and numerous options for integration in your design. Our widget have more 190+ currencies and popular cryptocurrencies with support 11 languages.

HOWEVER, when deal reaches Closed Won stage, the amount in USD should be calculated on the exchange rate on that day. (it doesn't need to be done automatically), our finance team are able to do bulk upload of final amounts. I cannot however overwrite the amount in company currency... This is a real bummer. This is really needed to report on actual revenue. Any workarounds anyone?

We've just launched Currency-R8, a currency conversion app for HubSpot on the App Marketplace, that allows you to convert value of a deal to new currency of your choice (over 150 currencies supported) in real-time or via workflow automations.

I encountered an issue when we had GBP as company currency and we wanted to move to USD. When changing the company currency, Hubspot flipped the conversion rates automatically. So, where for us a USD is 1,38 GBP, Hubspot automatically calculated 0.72 (the other way around). This was easy to spot but leads to another issue I meantion in this idea HERE. But then the main issue is that old closed won deals take the closest exchange rates, so having had GBP as company currency since the beginning, now the first exchange rate was the wrong one set by Hubspot. There is a workaround though. You can go to Settings/Account Defaults/Currency and then click on the actions next to the old company currency.

I am thinking of changing the company currency to USD dollar. I would like to know what is going to happen with my current deals and my reports. I can't find any article about this. I just found a blog regarding how to do it but not the consequences.

Hi @Edyta7510. Could you create a pre-closed won stage where you then have a simple workflow alerting your team that they need to perform a currency exchange function before moving it to closed won? Would this allow you to ensure the rate is current so it populates correctly? It feels a little manual, but I think it could work based on how I understood your question.

The report is going to show me the amount un USD dollar with the exchange rate of the day that the deal entered in the won close to stage right? or this amount is going to be fluctuating depending on the rates uploaded onto Hubspot?

hi, thanks for this idea. We're dealing with hundreds of deals per month. It may be just impossible to manage manually. Also, unfortunately the "actual" exchange rate will be different than the exchange rate fixed on the account (currency module).

1Exchange rates fluctuate, at times significantly, and you acknowledge and accept all risks that may result from such fluctuations. If we assign an exchange rate to your foreign exchange transaction, that exchange rate will be determined by us in our sole discretion based upon such factors as we determine relevant, including without limitation, market conditions, exchange rates charged by other parties, our desired rate of return, market risk, credit risk and other market, economic and business factors, and is subject to change at any time without notice. You acknowledge that exchange rates for retail and commercial transactions, and for transactions effected after regular business hours and on weekends, are different from the exchange rates for large inter-bank transactions effected during the business day, as may be reported in The Wall Street Journal or elsewhere. Exchange rates offered by other dealers or shown at other sources by us or other dealers (including online sources) may be different from our exchange rates. The exchange rate you are offered may be different from, and likely inferior to, the rate paid by us to acquire the underlying currency.

We provide all-in pricing for exchange rates. The price provided may include profit, fees, costs, charges or other mark ups as determined by us in our sole discretion. The level of the fee or markup may differ for each customer and may differ for the same customer depending on the method or venue used for transaction execution ff782bc1db