Part 04-06-12 - Average Market Mid-Closing Exchange rates ...

[Pages:3]Tax and Duty Manual

Part 04-06-12

Annual average exchange rates and Lloyds sterling conversion rates

Part 04-06-12

Document last updated March 2021 _____________________________________________________________

The information in this document is provided as a guide only and is not professional advice, including legal advice. It should not be assumed that the guidance is comprehensive or that it provides a definitive answer in every case.

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Tax and Duty Manual

Part 04-06-12

The currency conversion rates, as supplied by the Central Bank of Ireland, are updated to 2020.

Annual average exchange rates for the years 2017 to 2020 inclusive, as supplied by the Central Bank of Ireland:

Australian dollar Brazilian real British pound Canadian dollar Chinese yuan Danish krone Indian rupee Japanese yen Norwegian krone Russian ruble Swedish krona Swiss franc US dollar

2017 AUD 1.4732 BRL 3.6054 GBP 0.87667 CAD 1.4647 CNY 7.6290 DKK 7.4386 INR 73.5324 JPY 126.71 NOK 9.3270 RUB 65.9383 SEK 9.6351 CHF 1.1117 USD 1.1297

2018 1.5797 4.3085 0.88471 1.5294 7.8081 7.4532 80.7332 130.40 9.5975 74.0416 10.2583 1.1550 1.1810

2019 1.6109 4.4134 0.87777 1.4855 7.7355 7.4661 78.8361 122.01 9.8511 72.4553 10.5891 1.1124 1.1195

2020 1.6549 5.8943 0.88970 1.5300 7.8747 7.4542 84.6392 121.85 10.7228 82.7248 10.4848 1.0705 1.1422

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Tax and Duty Manual

Part 04-06-12

Lloyds sterling conversion rates

For accounts closed in the calendar year 1998 and later, the conversion rate of sterling to euro should be calculated by reference to the sterling mid-closing exchange rate on the last market day of that calendar year, as supplied by the Central Bank of Ireland, as follows:

2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998

Stg ?1 Stg ?1 Stg ?1 Stg ?1 Stg ?1 Stg ?1 Stg ?1 Stg ?1 Stg ?1 Stg ?1 Stg ?1 Stg ?1 Stg ?1 Stg ?1 Stg ?1 Stg ?1 Stg ?1 Stg ?1 Stg ?1 Stg ?1 Stg ?1 Stg ?1 Stg ?1

=

1.1123

=

1.1753

=

1.1179

=

1.1271

=

1.1680

=

1.3625

=

1.2839

=

1.1995

=

1.2253

=

1.1972

=

1.1618

=

1.1260

=

1.0498

=

1.3636

=

1.4892

=

1.4592

=

1.4183

=

1.4188

=

1.5372

= IR ?1.2942

= IR ?1.2619

= IR ?1.2668

= IR ?1.1164

For members of Lloyds resident in the Republic of Ireland in respect of accounts closed in the calendar years 1994 to 1997, the conversion of sterling to Irish pounds should be calculated by reference to the sterling commercial selling rate on the last market day of the calendar year in which the account is closed. Rate for year ended 31 December:

1997 1996 1995 1994 1993

Stg ?1 = IR ?1.1416 Stg ?1 = IR ?0.9926 Stg ?1 = IR ?0.9687 Stg ?1 = IR ?0.9995 Stg ?1 = IR ?1.0317

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