treasury reporting rates of exchange 2021

The Report concludes that Switzerland meets all three criteria under the Trade Facilitation and Trade Enforcement Act of 2015 (the 2015 Act) over the four quarters through December 2021, and therefore Treasury is conducting enhanced analysis of Switzerland's macroeconomic and exchange rate policies in this Report. Remarks by Under Secretary for Domestic Finance Nellie Liang During Workshop on Next Steps to the Future of Money and Payments, Remarks by Secretary of the Treasury Janet L. Yellen at Bilateral Meeting with Prime Minister of Ukraine Denys Shmyhal, RT @TreasuryDepSec: For the past two years, the Biden-Harris Administration has committed itself to strengthening its relationship with Tri, RT @UnderSecTFI: Today the US Treasury sanctioned companies involved in timeshare fraud by the CJNG, which is used to generate revenue for, Form 941, employer's quarterly federal tax return, Treasury International Capital (TIC) System Home Page, Treasury Coupon Issues and Corporate Bond Yield Curves, Special Inspector General, Troubled Asset Relief Program (SIGTARP), Administrative Resource Center (ARC)- Bureau of the Fiscal Service. attorney to discuss your specific facts and circumstances and to obtain advice on specific legal problems. The Treasury Department today released U.S. reserve assets data for the latest week. The business books and records are not kept in the currency of the economic environment in which a significant part of the business activities is conducted. Please see the Department of Treasury Exchange Rates for 2022: Our firm specializes exclusively in international tax, and specifically IRS offshore disclosure. ID.me Guidance (09/24/21) Login.gov Guidance (12/16/21) All ERA Recipients must also designate their official Points of Contact. Such materials are for informational 2) A weighted average of the foreign exchange value of the U.S. dollar against a subset of the broad index currencies that are advanced foreign economies. Contingent short-term net drains on foreign currency assets (nominal value), Maturity breakdown (residual maturity, where applicable), 1. Lock Routing), Regulation HH (Financial Market Utilities), Federal Reserve's Key Policies for the Provision of A locked padlock This data has moved permanently to FiscalData.Treasury.gov where it is available for download in multiple machine-readable formats with complete metadata! TREASURY REPORTING RATES OF EXCHANGE As of June 30, 2021 CountryCurrency Foreign Currency To $1.00 Effective Date Afghanistan-Afghani 79.1500 Remarks by Assistant Secretary Elizabeth Rosenberg for Terrorist Financing and Financial Crimes at the Association of Women in International Trade. Monetary amounts:When recording the maximum value of accounts, record all amounts as U.S. Dollar amounts rounded up to the next whole dollar. hb```v>!b`f`s``vp`G,GX{`}l@nO You must make all federal income tax determinations in your functional currency. For United States persons with a financial interest in or signature authority over fewer than 25 accounts that are unable to determine if the aggregate maximum account values of the accounts exceeded $10,000 at any time during the calendar year, complete the appropriate Part II, III, IV, or V section for each of these accounts and check the amount unknown box, item 15a. Even if you have a QBU, your functional currency is the dollar if any of the following apply. Aggregate short and long positions of options in foreign currencies vis--vis the domestic currency. In valuing currency of a country that uses multiple exchange rates, use the rate that would apply if the currency in the account were converted into United States dollars on the last day of the calendar year. Official reserve assets (in US millions unless otherwise specified) 1, (1) Foreign currency reserves (in convertible foreign currencies), of which: issuer headquartered in reporting country but located abroad, (i) other national central banks, BIS and IMF, ii) banks headquartered in the reporting country, (iii) banks headquartered outside the reporting country, of which: located in the reporting country, (4) gold (including gold deposits and, if appropriate, gold swapped) 3, --other (foreign currency assets invested through reverse repurchase agreements), B. nW+s&aa]jnBPQvSUbSkKs+H2O qxb`/FD#g_`''hhHGb(|--*~{8J For an account denominated in U.S. 69 0 obj <> endobj Find COVID-19 vaccines near you. Golding & Golding, A PLC (2023): LawDog Enterprises - All Rights Reserved - No Legal Advice Intended: This website includes information about legal issues and legal developments. Find COVID-19 vaccines near you. One line for the original March 31st published rate and another line for the amended rate effective April 30th which would be valid for reporting purposes for May and June transactions. We cannot provide advice on, or assistance with, investing in foreign currencies. The maximum value of an account is a reasonable approximation of the greatest value of currency or nonmonetary assets in the account during the calendar year. hb```f``c`e`` L,@^AuRWs4t \ C1C CqnI\rV200\u(D#w@(` z [1] Treasury continues to engage closely with the SBV on Vietnams progress in addressing Treasurys concerns and is satisfied with progress made by Vietnam to date. Contact our firm for assistance with getting compliant. Exchange Rates (Treasury Reporting Rates of Exchange) EZPay Events F FAST - Federal Accounts Symbols and Titles (FAST Book) FEDInvest - FedInvest - Federal Investments Program Federal Borrowings Program Federal Tax Application Federal Tax Collection Service FIT- Financial Innovation and Transformation Financial Management and Standardization The entries for the latest week reflect any necessary adjustments, including revaluation, by the U.S. Treasury to IMF data for the prior month end. The U.S. 10-year Treasury yield finished 2021 above the 1.5% threshold in a year marked by the Covid pandemic and Federal Reserve policy. Treasury found that twelve economies warrant placement on Treasurys Monitoring List of major trading partners that merit close attention to their currency practices: China, Japan, Korea, Germany, Ireland, Italy, India, Malaysia, Singapore, Thailand, Mexico, and Switzerland. secure websites. Monetary amounts:When recording the maximum value of accounts, record all amounts as U.S. Dollar amounts rounded up to the next whole dollar. 3/ Gold stock is valued monthly at $42.2222 per fine troy ounce. The maximum value of the account can be determined using the following steps.NOTE: After determining the value of the account, as described below, if the value results in a negative (minus) value, enter zero (0) in item 15, Maximum account value.. endstream endobj 30 0 obj <>stream the .gov website. Commercial Banks, Senior Loan Officer Opinion Survey on Bank Lending You should contact an [1] See Joint Statement from the U.S. Department of the Treasury and the State Bank of Vietnam. Available at: https://home.treasury.gov/news/press-releases/jy0280. HQE!DD1!0}{SKn9O3HosDP_[A;VA!$6}Qc1PA&uV%4ZQ=!\*bD You can also view just the Programs & Services. Determine the maximum value of each account (in the currency of that account) during the calendar year being reported. An official website of the General Services Administration. I. hbbd```b``: "A$"7wI`v] Dollars, the maximum value of the account is the largest U.S. Dollar value of the account during the report year. If the maximum account value of a single account or aggregate of the maximum account values of multiple accounts exceeds $10,000, an FBAR must be filed. .gov website belongs to an official government The foreign exchange acquired is not included in Section I, "official reserve assets and other foreign currency assets," of the template for reporting international reserves. An official website of the United States Government. While Taxpayers are not required to use these exchange rates, oftentimes the Department of Treasury Exchange rates are used for translating currency on forms such as the FBAR ( FinCEN Form 114) and IRS Form 8938 (Foreign Account Tax Compliance Act) the latter of which is filed with the IRS. Metadata Updated: March 2, 2021. . You can generally get exchange rates from banks and U.S. Embassies. In general, the rates will be published by Treasury on the first working day of each quarter and will represent the latest available Treasury prevailing rate in each country. Please enable JavaScript to use all features. No Article, Blog Post or Page may be reproduced or used without express written consent of Golding & Golding. FBAR Department of Treasury Exchange Rates 2020. A QBU is a separate and clearly identified unit of a trade or business that maintains separate books and records. If current rates deviate from the published rates by 10% or more, Treasury will issue amendments to this quarterly report. The U.S. dollar is the functional currency for all taxpayers except some qualified business units (QBUs). First created in 1917 when the U.S. was entering World War I, the debt ceiling has been raised by Congress (and occasionally the president, when authorized to do so by Congress) dozens of times since then. For further information, continue to the full PDF here . Since the exchange rates in this report are not current rates of exchange, they should not be used to value transactions affecting dollar appropriations. Monetary Base - H.3, Assets and Liabilities of Commercial Banks in the U.S. - For Item 15, if the filer had a financial interest in more than one account, each account must be valued separately. lock ( Aggregate short and long positions in forwards and futures in foreign currencies vis--vis the domestic currency (including the forward leg of currency swaps), III. While Taxpayers are not required to use these exchange rates, oftentimes the Department of Treasury Exchange rates are used for translating currency on forms such as the FBAR ( FinCEN Form 114) and IRS Form 8938 (Foreign Account Tax Compliance Act) the latter of which is filed with the IRS. endstream endobj 26 0 obj <>stream This AZ Index lists all Fiscal Service content. Treasury is working relentlessly to promote a stronger and more balanced global recovery that benefits American workers, including through close engagement with major economies on currency-related issues, Secretary of the Treasury Janet L. Yellen said today. 121 0 obj <>stream This engagement includes urging the development of a plan with specific actions to address the underlying causes of currency undervaluation and external imbalances. Foreign currency securities issued with embedded options (puttable bonds). However, it is included in the broader balance of payments presentation as "U.S. Government assets, other than official reserve assets/U.S. hbbd```b``% i>dfk5`2 >fWl0;Dv3Iq-$g`xl&30~ ` TREASURY REPORTING RATES OF EXCHANGE As of December 31, 2020 Country-Currency Foreign Currency To $1.00 Afghanistan-Afghani. Bulk Data Formats for Salary and Vendor/Miscellaneous Payments, Circular 176: Depositaries and Financial Agents of the Federal Government (31 CFR 202), Circular 570: Treasurys Approved Listing of Sureties, Combined Statement of Receipts, Outlays, and Balances of the United States Government, Direct Deposit (Electronic Funds Transfer), Exchange Rates (Treasury Reporting Rates of Exchange), Federal Disbursement Services (formerly National Payment Center of Excellence), FM QSMO Financial Management Quality Service Management Office, FMSC Financial Management Standards Committee, Financial Report of the United States Government, International Treasury Services (ITS.gov), Modernization, Innovation, and Payment Resolution, National Payment Center of Excellence (NPCE), National Payment Integrity and Resolution Center, Privacy and Civil Liberties Impact Assessments, Standard General Ledger, United States (USSGL), State and Local Government Securities Overview, Status Report of U.S. Treasury-Owned Gold, The Alcohol and Tobacco Tax and Trade Bureau, Community Development Financial Institutions Fund, Financial Crimes Enforcement Network (FinCen), Office of the Comptroller of the Currency. Practices, Structure and Share Data for the U.S. Offices of Foreign Infrastructures, Payments System Policy Advisory Committee, Finance and Economics Discussion Series (FEDS), International Finance Discussion Papers (IFDP), Estimated Dynamic Optimization (EDO) Model, Aggregate Reserves of Depository Institutions and the Step 1. In the case of non-United States currency, convert the maximum account value for each account into United States dollars. Averages are based on daily noon buying 87 0 obj <>/Filter/FlateDecode/ID[<8EAD5CB31ABD014484411C2C900E573D><7DEA3C06932220418AD771B387C6B924>]/Index[69 53]/Info 68 0 R/Length 95/Prev 321159/Root 70 0 R/Size 122/Type/XRef/W[1 3 1]>>stream If you have questions about the rates on the Bureau of the Fiscal Service web pages, please contact: Jeana White. collections and refunds to be valued at specified rates set by international agreements. Share sensitive information only on official, 0 Step 2. Some features of this site will not work with JavaScript disabled. (Rates in currency units per U.S. dollar except as noted), Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue N.W., Washington, DC 20551, Transcripts and other historical materials, Federal Reserve Balance Sheet Developments, Community & Regional Financial Institutions, Federal Reserve Supervision and Regulation Report, Federal Financial Institutions Examination Council Meu&Dx` Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States The Treasury Department's semiannual Report to Congress reviews developments in international economic and exchange rate policies across the United States' major trading partners. Undrawn, unconditional credit lines provided by: (a) other national monetary authorities, BIS, IMF, and other international organizations, --other national monetary authorities (+), (b) with banks and other financial institutions headquartered in the reporting country (+), (c) with banks and other financial institutions headquartered outside the reporting country (+). This report provides exchange rate information under Section 613 of Public Law 87-195 dated September 4, 1961 (22 USC 2363 (b)) which gives the Secretary of the Treasury sole authority to establish the exchange rates for all foreign currencies or credits reported by all agencies of the government. Although Switzerland no longer meets all three criteria for enhanced analysis, Treasury will continue to conduct an in-depth analysis of Switzerland until it does not meet all three criteria under the 2015 Act for at least two consecutive Reports. It was most recently raised . (See. In this Report, Treasury reviewed and assessed the policies of major U.S. trading partners, comprising more than 80 percent of U.S. foreign trade in goods and services, during the four quarters through June 2021. 58 0 obj <>stream Foreign currency holdings listed as securities reflect marked-to-market values, and deposits reflect carrying values. FBAR Department of Treasury Exchange Rates 2022: Each year, the Department of Treasury publishes its updated foreign income exchange rates. 5305, and Section 701 of the Trade Facilitation and Trade Enforcement Act of 2015, 19 U.S.C. hXn6>&(NXpMHMQuaislNEEg YP)-X,1oYyYl#xb!f;3)IE2i9q35PeJ(cJF+e X'P(j1L[C-iupLR4"fFSg4CiDFKtT?u;eo~t\5p1#2kaJV^a,tQg8:/qs=ze(k1Z{whz\AiLGYNtt0)w{]}Iyh?P ?#| purposes only and may not reflect the most current legal developments. Your functional currency generally is the U.S. dollar unless you are required to use the currency of a foreign country. (pdf) Introduction Congress is fast approaching the need to take action on the nation's statutory debt limit, often referred to as the debt ceiling. 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. U.S. dollaryen exchange rate (left scale) U.S.-Japan two-year interest rate . 1/8/2021 8:15:04 AM . A program of the Bureau of the Fiscal Service. (FFIEC), Securities Underwriting & Dealing Subsidiaries, Types of Financial System Vulnerabilities & Risks, Monitoring Risk Across the Financial System, Proactive Monitoring of Markets & Institutions, Responding to Financial System Emergencies, Regulation CC (Availability of Funds and Collection of If the maximum account value of a single account or aggregate of the maximum account values of multiple accounts exceeds $10,000, an FBAR must be filed. Hk { Official reserve assets and other foreign currency assets (approximate market value, in US millions) December 31, 2021 A. Periodic account statements may be relied on to determine the maximum value of the account, provided that the statements fairly reflect the maximum account value during the calendar year. Infrastructures, International Standards for Financial Market ", U.S. International Reserve Position - December 31, 2021, Budget, Financial Reporting, Planning and Performance, Financial Markets, Financial Institutions, and Fiscal Service, Treasury Coupon-Issue and Corporate Bond Yield Curve, Treasury International Capital (TIC) System, Kline-Miller Multiemployer Pension Reform Act of 2014, Taxpayers Will See Improved Service This Filing Season Thanks to Inflation Reduction Act, Disparities in the Benefits of Tax Expenditures by Race and Ethnicity, Racial Differences in Economic Security: Non-Housing Assets, Treasury Sanctions People Involved in Serious Human Rights Abuse Against Vladimir Kara-Murza, Treasury Announces Approval of Up to $890.7 Million to Support Small Business Success Across Three States, Treasury Sanctions CJNG-Run Timeshare Fraud Network. HN0>?qB``V18 O$Y=;3JF4t5$i2Zs.!TpW9SvD ld3DK9WLt x>J(x4D.0P Therefore, you must translate foreign currency into U.S. dollars if you receive income or pay expenses in a foreign currency. %%EOF For Item 15, if the filer had a financial interest in more than one account, each account must be valued separately. gG@W'`U=qL/=_Eq#I*}0IGwLR _bV!p&B)r,"Xn>;$x7|vXf{q" d|7 W**zBN)@)Q8aqG}qS8=S1oE6!mYz0/)q+Iz9d4kt[nw)3G Predetermined short-term net drains on foreign currency assets (nominal value), 1. If your functional currency is not the U.S. dollar, make all income tax determinations in your functional currency. 2/ The items, "2. Below are government and external resources that provide currency exchange rates. The Treasury Reporting Rates of Exchange dataset provides the U.S. government's authoritative exchange rates to ensure consistency for foreign currency units and U.S. dollar equivalents across all reporting done by agencies of the government. Subscribe to email notifications and get news and updates delivered right to your inbox! 4421. Determine the maximum value of each account (in the currency of that account) during the calendar year being reported. Branches and Agencies of WASHINGTON The U.S. Department of the Treasury today delivered its semiannual Report to Congress on Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States. How to Convert to USD As provided by FinCEN: JavaScript Disabled 202-874-8001. the Federal Reserve Bank of New York. the United States, Structure and Share Data for U.S. Offices of Foreign Periodic account statements may be relied on to determine . As indicated in this table, U.S. reserve assets totaled $251,568 million as of the end of that week, compared to $250,106 million as of the end of the prior week. JavaScript Disabled How you do this depends on your functional currency. Undrawn, unconditional credit lines provided to: --other national monetary authorities (-), (b) banks and other financial institutions headquartered in reporting country (- ), (c) banks and other financial institutions headquartered outside the reporting country ( - ), 4. The table below shows the average rates of exchange in FEBRUARY 2023 together with comparable figures for other months. Visit Vaccines.gov. Financial Services, Sponsorship for Priority Telecommunication Services, Supervision & Oversight of Financial Market 43 0 obj <>/Filter/FlateDecode/ID[]/Index[22 37]/Info 21 0 R/Length 105/Prev 134632/Root 23 0 R/Size 59/Type/XRef/W[1 3 1]>>stream The Treasury Reporting Rates of Exchange dataset provides the U.S. government's authoritative exchange rates to ensure consistency for foreign currency units and U.S. dollar equivalents across all reporting done by agencies of the government. 22 0 obj <> endobj https://project-open-data.cio.gov/v1.1/schema/catalog.jsonld, https://project-open-data.cio.gov/v1.1/schema, https://project-open-data.cio.gov/v1.1/schema/catalog.json, https://fiscaldata.treasury.gov/datasets/treasury-reporting-rates-exchange/, Department of the Treasury > Fiscal Service > Bureau of the Fiscal Service. The Report also concludes that both Vietnam and Taiwan continue to meet all three criteria under the Trade Facilitation and Trade Enforcement Act of 2015 (the 2015 Act) during the period under review, and that the currency practices of twelve economies require close attention. Convert foreign currency by using the Treasurys Financial Management Service rate (http://www.fiscal.treasury.gov/fsreports/rpt/treasRptRateExch/treasRptRateExch_home.htm) for the last day of the calendar year. We can do this. The amount $15,265.25 would be recorded as $15,266. If your functional currency is the U.S. dollar, you must immediately translate into dollars all items of income, expense, etc. Note: Payments of U.S. tax must be remitted to the U.S. Internal Revenue Service (IRS) in U.S. dollars. Tip: To get back to the Fiscal Service home page, click or tap the logo in the upper left corner. This report, presented by Lorie Logan, Executive Vice President, Federal Reserve Bank of New York, System Open Market Account . If you receive all or part of your income or pay some or all of your expenses in foreign currency, you must translate the foreign currency into U.S. dollars. For exchange rates from 1956 through 2008, please contact: U.S. Department of the Treasury Library. rates for cable transfers in New York City certified for customs purposes by Periodic account statements may be relied on to determine the maximum value of the account, provided that the statements fairly reflect the maximum account value during the calendar year. NOTE: After determining the value of the account, as described below, if the value results in a negative (minus) value, enter zero (0) in item 15, Maximum account value. International Tax Lawyers - IRS Offshore Voluntary Disclosure, Click Here to Schedule a Reduced-Fee Consultation, FBAR Department of Treasury Exchange Rates 2022, http://www.fiscal.treasury.gov/fsreports/rpt/treasRptRateExch/treasRptRateExch_home.htm. endstream endobj 28 0 obj <>stream Treasury has conducted enhanced analysis of Vietnam and Taiwans macroeconomic and foreign exchange policies, as reflected in the Report. October - December 2021 During the fourth quarter of 2021, the U.S. dollar, as measured by the Federal Reserve Board's broad . Antigua & Barbuda-E. Caribbean Dollar 2.7000 6/30/2021 Argentina-Peso 100.7500 6/30/2021 Armenia-Dram 500.0000 6/30/2021 Australia-Dollar 1.3340 6/30/2021 Azerbaijan-Manat 1.7000 6/30/2021 Bahamas-Dollar 1.0000 6/30/2021 Bahrain-Dinar 0.3770 6/30/2021 The Report also emphasizes that Chinas failure to publish foreign exchange intervention data and broader lack of transparency around key features of its exchange rate mechanism make it an outlier among major economies, and Treasury will closely monitor the foreign exchange activities of its state-owned banks. An FBAR is not required to be filed if the person did not have $10,000 of maximum value or aggregate maximum value in foreign financial accounts at any time during the calendar year. conversions of one foreign currency into another, other types of transactions affecting dollar appropriations. The maximum value of an account is a reasonable approximation of the greatest value of currency or nonmonetary assets in the account during the calendar year. The Federal Reserve, the central bank of the United States, provides the nation with a safe, flexible, and stable monetary and financial system. Checks), Regulation II (Debit Card Interchange Fees and Switzerland, which had previously exceeded the thresholds for all three criteria under the 2015 Act, exceeded the thresholds for two of the three criteria over the four quarters through June 2021. Make all income tax determinations in your functional currency. (1) To be reported with standard periodicity and timeliness: (a) short-term domestic currency debt indexed to the exchange rate, (b) financial instruments denominated in foreign currency and settled by other means (e.g., in domestic currency), --included in other foreign currency assets, --lent or repoed and included in Section I, --lent or repoed but not included in Section I, --borrowed or acquired and included in Section I, --borrowed or acquired but not included in Section I, (e) financial derivative assets (net, marked to market). An official website of the United States government. If no Treasury Financial Management Service rate is available, use another verifiable exchange rate and provide the source of that rate. 4/ The short positions reflect foreign exchange acquired under reciprocal currency arrangements with certain foreign central banks. HOk0"G=$1zl'=fMA+~@49IwJJ u'09eIX%HXP3)NR+p H_K0) Bu&]}U`:ooU[YK!s~79iJ^|$F5X-+Q? A program of the Bureau of the Fiscal Service. 1/ Includes holdings of the Treasury's Exchange Stabilization Fund (ESF) and the Federal Reserve's System Open Market Account (SOMA), valued at current market exchange rates. Alerts/Advisories/Notices/Bulletins/Fact Sheets, Suspicious Activity Report (SAR) Advisory Key Terms, http://www.fiscal.treasury.gov/fsreports/rpt/treasRptRateExch/treasRptRateExch_home.htm, Public Posting Notice of Finding of Discrimination, Security and Vulnerability Disclosure Policies (VDP). Foreign Banks, Charge-Off and Delinquency Rates on Loans and Leases at endstream endobj 70 0 obj <> endobj 71 0 obj <>/MediaBox[0 0 612 792]/Parent 67 0 R/Resources<>/Font<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]>>/Rotate 0/Tabs/S/Type/Page>> endobj 72 0 obj <>stream ET on Friday for the . WASHINGTON - The U.S. Department of the Treasury today delivered to Congress the semiannual Report on Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States. In this Report, Treasury reviewed and assessed the policies of major U.S. trading partners, comprising more than 80 percent of U.S. foreign trade in goods and services, during the four quarters . (f) derivatives (forward, futures, or options contracts) that have a residual maturity greater than one year, which are subject to margin calls. \mhOy /hw"IW8M%|S^5^8vsglut7U8 Th?mgg-t2RElNXp}+l~19$}sE{?K6|^.ScazX>t*GW2.0Vc)$Xq;o,cGrOu6gMvJ(;Kj8ga%:}a00e}WnRl'PYT >N>*$0D~"9%H%%I;[CyAGjEkREOI1H5lt #$P4uO:w+!eLV~HFFdnL(}m70G$70+gBsk!L:(adrWEIp\,~h.]$qs'ow;(Xe'[+y{x]%w\B)W3~pyaZ~w! Andrea Pearson. Convert foreign currency by using the Treasury's Financial Management Service rate (http://www.fiscal.treasury.gov/fsreports/rpt/treasRptRateExch/treasRptRateExch_home.htm) for the last day of the calendar year. 1) A weighted average of the foreign exchange value of the U.S. dollar against the currencies of a broad group of major U.S. trading partners. Starting in April 2021, an amendment to a currency exchange rate for the quarter will appear on the report as a separate line with a new effective date. We can do this. November 2022 Report Authorizing Statute (2015) Authorizing Statute (1988)

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treasury reporting rates of exchange 2021