Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Oct 29, 2019 8:00:52 PM

What is the average exchange rate for US funds in 2014

0 2 2589
1 Best answer
New Member
Oct 29, 2019 8:00:53 PM

Hello, 

From the CRA website, looks like you need to use the Exchange Rates page of the Bank of Canada Web site:

http://www.cra-arc.gc.ca/tx/ndvdls/fq/xchng_rt-eng.html

I would use this page to calculate the yearly average (or if you needed the rate for a specific day or a specific month.): http://www.bankofcanada.ca/rates/exchange/monthly-average-lookup/

Have a good day!

2 Replies
New Member
Oct 29, 2019 8:00:53 PM

Hello, 

From the CRA website, looks like you need to use the Exchange Rates page of the Bank of Canada Web site:

http://www.cra-arc.gc.ca/tx/ndvdls/fq/xchng_rt-eng.html

I would use this page to calculate the yearly average (or if you needed the rate for a specific day or a specific month.): http://www.bankofcanada.ca/rates/exchange/monthly-average-lookup/

Have a good day!

New Member
Oct 29, 2019 8:00:55 PM

This is actually the file you need: http://www.bankofcanada.ca/stats/assets/pdf/nraa-2014-en.pdf It is a mystery to me why TurboTax doesn't just program the information in, or at least provide the link.