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Use these exchange rates to convert foreign currency amounts to New Zealand dollars under the rules for controlled foreign companies and foreign investment funds.

We use wholesale rates from Bloomberg for rolling 12-month average, mid-month actual and end-of-month rates. We provide the rates as PDF tables each year. You can download the file for the year you need.

Rolling 12-month average and mid-month rates

Use these tables for all income (including from a controlled foreign company or foreign investment fund) where you do not need to use end-of-month exchange rates.

If you have the income details for each month, use the table for mid-month exchange rates.

If you have annual figures or you choose to use this currency conversion method, use the rolling 12-month average rates.

End-of-month rates

Use the table for end-of-month rates if you have income where you need to use the end-of-month exchange rates.