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Foreign income → USD converter
Approximate USD
$10,822.51
Using the 2024 IRS yearly-average rate of 0.924 EUR per 1 USD, as published in the IRS yearly-average table. Most income items on a US return (wages, interest, pension, business income) use this yearly-average method.
- Verify before filing. Rates transcribed from the IRS table on 2026-08-25; the annual human re-verification is still pending — confirm the official IRS yearly-average rate for 2024 before filing.
- FBAR is different. FinCEN 114 (FBAR) and Form 8938 generally use the Dec-31 year-end Treasury rate, not the yearly average — so your FBAR figure will not match this number.
- You may also use a daily spot rate for a single transaction (e.g. a one-off capital-gain sale) if that is more accurate.
Educational estimate, not tax advice. Exchange rates and the IRS published averages change every year — always use the official figure for the year you are filing.
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The requested report is transactional. Educational follow-ups are sent only if you check the optional box.
Before you rely on this result
What would settle it, and what covers it
Documents or facts needed
- • The foreign-currency amounts and the dates they were paid or received
- • The tax year
Recommended Atamatax route
Simple · $299 — applies the yearly-average rates to the whole return.
How to read a status
- Likely:
- The facts entered meet the published test; confirm the inputs before acting.
- Possible:
- Some facts point this way and others are missing; more information decides it.
- Needs review:
- These inputs leave it open; a person should look before filing.
- Not currently indicated:
- Nothing entered triggers it this year; a changed fact can change the answer.
- Outside supported scope:
- This item is routed to a professional for preparation.
Scope. IRS yearly-average rates only; a specific transaction may use a spot rate. This is a computation on the answers you gave, not individualized tax advice.
Tool: /tools/currency-converter
What changes the result
This answer changes if…
Whether a U.S. return is required for a year
- …your gross income for the year was at or above the filing threshold for your status and age — the threshold is not the standard deduction, and married-filing-separately is $5. Check it
- …you had $400 or more of net self-employment income — self-employment is its own trigger, below any income threshold.
- …you are married to a non-U.S. person — married-filing-separately is the default and its threshold is $5; an election to file jointly changes everything about the year.
- …you held a green card at any point in the year — a green-card holder is a U.S. person for the whole year unless the card was formally surrendered.
Each line names a fact that moves the result; what it moves to depends on the rest of your facts. Nothing here is a determination.
How Atamatax calculations are produced — the tests applied, statutory sources and review cadence — is documented in the methodology, and how the engine is validated in accuracy & review. Calculation fixes are recorded in the changelog.
Authorities cited
- IRS · yearly average exchange rates — IRS — Yearly average currency exchange rates
Primary sources (Cornell Legal Information Institute for the US Code and CFR; IRS.gov for forms, procedures, and treaty documents). This page is general information, not individualized tax or legal advice.
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