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Foreign exchange rates prior to 01 July 2003

List of both monthly and annual foreign exchange rates.

Last updated 18 June 2018

Foreign currency exchange rate usage

If you are an Australian resident for tax purposes who has received income from overseas, you must include the foreign income in your tax return even if tax was taken out in the country from which the income came. Foreign income that is exempt from Australian tax may still be taken into account to work out the amount of tax you have to pay on your other income.

If you received a lump sum payment on termination of foreign employment or from a non-resident superannuation fund you can phone 13 10 20 for superannuation advice. Some of these payments are taxable. If the payment is not taxable, it may still be taken into account in working out the tax you have to pay on your other income.

All foreign income, deductions and foreign tax paid must be converted to Australian dollars before including it in your return. The conversion to Australian dollars table tells you how to do this.

This information is updated at the beginning of each month. For other information please contact:

  • tax agents 13 72 86
  • other taxpayers 13 28 61.

Introduction of the Euro

Since the introduction of the Euro on January 2002, foreign exchange rates for the following countries are not available from February 1 2002.

  • Austria
  • Belgium
  • Finland
  • France
  • Germany
  • Greece
  • Ireland
  • Italy
  • Netherlands
  • Portugal
  • Spain

Conversion to Australian dollars

Converting foreign income to Australian dollars

Type of foreign income

Convert to Australian dollars at

Foreign pensions, annuities and deductions

The average exchange rate for the year or the rate that applied at the time you received each payment.

Other non-salary or wage foreign income such as dividends, interest or capital gains

The exchange rate that applied at the time the income was remitted to Australia. If it was not remitted, use the exchange rate that applied on 30 June.

Foreign business income and employment income

The average exchange rate for the year.

End of calendar year rates 1996 to 2002

End of financial year rates 1997 to 2003

Odd year ending for selected countries 1997 to 2003

Foreign exchange rates for the 1988 to 1996 years

Foreign exchange rates for the 1988-1996 years are available.