Skip Navigation
You Are In: About Us > About the Embassy > Offices & Departments > IRS > Euro Exchange Rate
Skip Left Section Navigation

IRS

2007 U.S. Dollar - Euro Exchange Rate Information

The IRS requires that all income be reported in U.S. dollar equivalents. 

Taxpayers generally use the yearly average exchange rate to report foreign income that was regularly received throughout the year.  If you had a few foreign transactions on particular days or during particular months, however, you may prefer to use the exchange rates for such days.

The following are average Dollar – Euro exchange rates for 2007:

Yearly Average:  1 USD = 0.73082 Euro

Monthly Averages: 1 USD =

 

January 
0.76943 Euro
  July 
0.72975 Euro
February
0.76550 Euro
 August 
0.73372 Euro
March
0.75552 Euro
 September  
0.72042 Euro
April 
0.74092 Euro
 October
0.70301 Euro
May
0.73961 Euro
 November
0.68190 Euro
June
0.74531 Euro
 December 
0.68698 Euro

December 31, 2007:   1 USD= 0.67940 Euro

To convert from Euros to Dollars, divide the Euro amount by the applicable abovementioned decimal figure. 

To convert from Dollars to Euros, multiply the Dollar amount by the applicable abovementioned decimal figure.

 

** The Internal Revenue Service (IRS) has no official exchange rate and accepts any posted exchange rate that is used consistently.  For additional exchange rates, check the U.S. Treasury website at www.fms.treas.gov/intn.html or other commercial sites such as www.oanda.com.