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Posted Tue, 04 Jun 2024 10:01:50 GMT by taxabc
For Self Assessment, should I convert the USD saving income month by month, using the Official HMRC Foreign Exchange Monthly rates?
Posted Thu, 06 Jun 2024 12:51:20 GMT by HMRC Admin 19

Under the terms of Self Assessment, HMRC does not provide an official exchange rate. instead, the onus is on the individual to use a just and reasonable exchange rate. For your convenience, there are exchange rates here:

Exchange rates from HMRC in CSV and XML format

for older rates here:

Foreign exchange rates and spot rates: 1 January 1989 to 31 March 2009

You are free to use any of the supplied rates or one of your own choosing. 

Thank you.

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