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Posted Tue, 07 Nov 2023 20:56:40 GMT by Pui Yee Lee
HI, I have some interest income in foreign currency and I know that the foreign exchange rates from HMRC should be applied. However, I found that there are yearly rates, monthly rates and spot rates. Which one I should use? or I am allowed to use any of these rates (ie yearly or monthly or spot rates)? Best regards, 

Name removed admin .
Posted Wed, 08 Nov 2023 11:07:11 GMT by HMRC Admin 17 Response

Hi,
 
You can use any of them as long as they relate to the tax year that the income arises .

Thank you. 

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