Foreign currency exchange rates

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  • taxdude71
    Senior Member
    • Jan 2007
    • 132

    #1

    Foreign currency exchange rates

    Been awhile since I did one of these. Does anyone know the rules for determing the rate fo exchange for foreign W-2? I remeber it used to be an average taken at differnt points of the year.
  • Burke
    Senior Member
    • Jan 2008
    • 7068

    #2
    I use each monthly rate and average by 12 for the year.

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