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Overseas currency rates 2018 - rolling 12-month average and mid-month

For period 1 April 2017 to 31 March 2018

About this worksheet

These tables contain the exchange rates to convert foreign currency amounts to New Zealand dollar value. These rates are now supplied from Bloomberg, in a PDF format.

PDF | 70kb | 2 pages

When to use this worksheet

Use these tables to convert overseas income to New Zealand dollars.

The rates in these tables cover most circumstances where you need to convert foreign currency amounts to New Zealand dollars including:

  • FIF income or loss calculated under the accounting profits, comparative value, fair dividend rate, deemed rate of return, or cost methods under sections EX 49(8) and EX 57 of the Income Tax Act 2007
  • branch equivalent income or loss calculated under the CFC or FIF rules pursuant to section EX 21(4) of the Income Tax Act 2007 for accounting periods of 12 months
  • foreign tax credits calculated under the branch equivalent method for a CFC or FIF under section LK 3 and EX 50(8) and (9) of the Income Tax Act 2007 for accounting periods of 12 months.

If you need an exchange rate for a country not listed on the table, contact one of New Zealand's major trading banks.

Note: If you are calculating FIF or CFC income or loss you have a choice of currency conversion methods.
You must apply the chosen conversion method to all interests for which you use that FIF or CFC calculation method in that and each later income year.

What you will need

You will need to work out the foreign income amount for each month or the income year.

This document is provided in secured PDF.

After you finish

You may wish to print and keep a copy of this worksheet for your records.

For best results set your printer to landscape/horizontal format.