Yearly Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
| Country | Currency | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|
| Afghanistan | Afghani | 83.484 | 76.651 | 77.579 | 73.598 | 71.086 | 70.645 |
| Algeria | Dinar | 135.011 | 126.741 | 119.402 | 117.409 | 115.876 | 114.431 |
| Argentina | Peso | 95.098 | 70.635 | 48.192 | 28.167 | 17.227 | 15.359 |
| Australia | Dollar | 1.332 | 1.452 | 1.439 | 1.340 | 1.358 | 1.400 |
| Bahrain | Dinar | 0.377 | 0.377 | 0.377 | 0.395 | 0.395 | 0.395 |
| Brazil | Real | 5.395 | 5.151 | 3.946 | 3.655 | 3.322 | 3.632 |
| Canada | Dollar | 1.254 | 1.341 | 1.327 | 1.297 | 1.350 | 1.379 |
| Cayman Islands | Dollar | 0.833 | 0.833 | 0.833 | 0.833 | 0.884 | 0.886 |
| China | Yuan | 6.452 | 6.900 | 6.910 | 6.620 | 7.030 | 6.910 |
| Denmark | Krone | 6.290 | 6.538 | 6.670 | 6.319 | 6.864 | 7.000 |
| Egypt | Pound | 15.697 | 15.813 | 16.809 | 17.809 | 18.586 | 10.462 |
| Euro Zone | Euro | 0.846 | 0.877 | 0.893 | 0.848 | 0.923 | 0.940 |
| Hong Kong | Dollar | 7.773 | 7.756 | 7.835 | 7.838 | 8.105 | 8.073 |
| Hungary | Forint | 303.292 | 307.766 | 290.707 | 270.441 | 285.583 | 293.083 |
| Iceland | Krona | 126.986 | 135.354 | 122.571 | 116.379 | 111.231 | 126.256 |
| India | Rupee | 73.936 | 74.102 | 70.394 | 68.422 | 67.809 | 69.956 |
| Iraq | Dinar | 1460.133 | 1197.497 | 1191.254 | 1193.478 | 1241.677 | 1236.453 |
| Israel | New Shekel | 3.232 | 3.438 | 3.563 | 3.596 | 3.746 | 3.997 |
| Japan | Yen | 109.817 | 106.725 | 109.008 | 110.424 | 116.667 | 113.138 |
| Lebanon | Pound | 1519.228 | 1510.677 | 1510.290 | 1511.677 | 1593.969 | 1593.639 |
| Mexico | Peso | 20.284 | 21.466 | 19.246 | 19.227 | 19.679 | 19.435 |
| Morocco | Dirham | 8.995 | 9.495 | 9.614 | 9.389 | 10.230 | 10.279 |
| New Zealand | Dollar | 1.415 | 1.540 | 1.518 | 1.447 | 1.465 | 1.494 |
| Norway | Kroner | 8.598 | 9.413 | 8.802 | 8.143 | 8.606 | 8.745 |
| Qatar | Rial | 3.644 | 3.641 | 3.641 | 3.642 | 3.850 | 3.791 |
| Russia | Ruble | 73.686 | 72.299 | 64.687 | 62.845 | 60.692 | 69.685 |
| Saudi Arabia | Riyal | 3.751 | 3.753 | 3.751 | 3.753 | 3.903 | 3.903 |
| Singapore | Dollar | 1.344 | 1.379 | 1.364 | 1.349 | 1.437 | 1.437 |
| South Africa | Rand | 14.789 | 16.458 | 14.448 | 13.258 | 13.859 | 15.319 |
| South Korean | Won | 1144.883 | 1179.199 | 1165.697 | 1100.587 | 1178.585 | 1211.121 |
| Sweden | Krona | 8.584 | 9.205 | 9.457 | 8.703 | 8.894 | 8.910 |
| Switzerland | Franc | 0.914 | 0.939 | 0.994 | 0.979 | 1.024 | 1.025 |
| Taiwan | Dollar | 27.932 | 29.460 | 30.898 | 30.152 | 31.683 | 33.586 |
| Thailand | Baht | 31.997 | 31.271 | 31.032 | 32.317 | 35.372 | 36.778 |
| Tunisia | Dinar | 2.778 | 2.836 | 2.925 | 2.71 | 2.513 | 2.237 |
| Turkey | New Lira | 8.904 | 7.025 | 5.685 | 4.849 | 3.794 | 3.146 |
| United Arab Emirates | Dirham | 3.673 | 3.673 | 3.673 | 3.673 | 3.821 | 3.821 |
| United Kingdom | Pound | 0.727 | 0.779 | 0.784 | 0.750 | 0.808 | 0.770 |
| Venezuela | Bolivar (Fuerte) | 2722.757 | 236266.507 | 248486.041 | 131352.21 | 10.452 | 9.447 |
When valuing currency of a foreign country that uses multiple exchange rates, use the rate that applies to your specific facts and circumstances.
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.