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

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 2023

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 2022.

Annual average exchange rates for the years 2018 to 2022 inclusive, as supplied by the Central Bank of Ireland:

2018

Australian dollar AUD 1.5797

Brazilian real

BRL 4.3085

British pound

GBP 0.88471

Canadian dollar CAD 1.5294

Chinese yuan

CNY 7.8081

Danish krone

DKK 7.4532

Indian rupee

INR 80.7332

Japanese yen

JPY 130.40

Norwegian krone NOK 9.5975

Russian ruble

RUB 74.0416

Swedish krona

SEK 10.2583

Swiss franc

CHF 1.1550

US dollar

USD 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

2021 1.5749 6.3779 0.85960 1.4826 7.6282 7.4370 87.4392 129.88 10.1633 87.1527 10.1465 1.0811 1.1827

2022 1.5167 5.4399 0.85276 1.3695 7.0788 7.4396 82.6864 138.03 10.1026 10.6296 1.0047 1.0530

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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:

2022 2021 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 Stg ?1 Stg ?1

=

1.1275

=

1.1901

=

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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