This report provides an overview of the exchange rates utilized by the U.S. government for acquiring foreign currencies for official expenditures. These rates, reported by disbursing officers for each post, are effective as of the last business day of the month preceding the report’s publication date. This is crucial for agencies needing to understand the Usd To Euro Conversion By Date for governmental financial operations.
Amendments to Exchange Rates
The U.S. Treasury may issue amendments to these quarterly reports if current exchange rates deviate by 10% or more from the published rates. These amendments are critical for accurate financial reporting. An amended currency exchange rate will be listed as a separate entry with a new effective date. For example, an amendment made on April 30th will result in two entries: one for the original March 31st rate and another for the amended rate effective April 30th. This amended rate is then valid for reporting purposes for transactions in May and June. Amendments also account for the introduction of new foreign currencies into the system. It’s important to note that amendments are included in these datasets starting from March 2021.
Exceptions to Standard Rates
There are specific exceptions where these reporting rates should not be applied. These include collections and refunds valued at rates set by international agreements, conversions between foreign currencies, foreign currencies sold for dollars, and other transactions impacting dollar appropriations. For comprehensive details on these exceptions, refer to Volume I Treasury Financial Manual 2-3200.
Utilizing Exchange Rates for Reporting
To maintain uniformity across all reports, all U.S. government agencies are mandated to use these published rates, with the exceptions noted, for converting foreign currency balances and reported transactions into U.S. dollar equivalents. This conversion is applicable as of the date of the report and for the subsequent three months. It is vital to understand that these rates are not current exchange rates and should not be used for valuing transactions affecting dollar appropriations.
Accessing Historical Exchange Rate Data
For those requiring exchange rates from years prior to 2001, the GovInfo.gov website provides access to individual reports dating back to 1963 and a consolidated report extending to 1956. This resource is invaluable for historical analysis of usd to euro conversion by date.
Published Reports and Data Availability
The quarterly reports published in PDF format do not include amended rates. Amended rates are exclusively available within the raw data. It’s also important to note that PDF reports are not published for amended rates. For the most accurate and up-to-date information on usd to euro conversion by date for official government use, always refer to the raw data and consider any amendments.
