What exchange rate should I use?
For tax year 2011, the Federal Reserve’s official average exchange rate is 1.3931 $/€, and this is the exchange rate that we will use in preparing U.S. and French tax returns. If you are filling out financial aid or other forms and must convert currency, you should use this rate to ensure that it will match the figures on the tax return we prepare.
In previous years, the exchange rates have been as follows:
2010: 1.3261
2009: 1.3935
2008: 1.4726
2007: 1.3711