Exchange rate for monthly investment plan

Posted Tue, 25 Jul 2023 17:02:19 GMT by mkcchan

Hi, I have a monthly investment plan for a unit trust fund for over 15 years. What exchange rate(s) should I use in calculating the purchase price in Sterling Pound? Pls comment. Thanks.

Posted Wed, 02 Aug 2023 13:29:56 GMT by HMRC Admin 20 Response

Hi mkcchan,

Please refer to Exchange rates from HMRC in CSV and XML format

Thank you.

Posted Wed, 02 Aug 2023 14:46:05 GMT by mkcchan

Dear HMRC Admin, Thanks for your reply. May I use the "yearly average exchange rate" for each monthly investment in every year? I mean to use the yearly average exchange rate for each month in the same year. Pls comment. Thanks.

Posted Tue, 08 Aug 2023 13:16:53 GMT by HMRC Admin 32 Response

Hi,

Yes, you can use any of the 3 spot rate dates.

Thank you.

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