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02 Apr 15 Missing daily foreign exchange rates

MEMBER 62 writes:

“Since 1 July 2003, daily exchange rates are needed to convert foreign currency to Australian dollars. Disappointedly, the ATO now only provides links to three tax years 2012-13 to 2014-15 at https://www.ato.gov.au/Rates/Foreign-exchange-rates/?anchor=Dailyrates#Dailyrates

I cannot find exchange rates for any earlier tax years. I do not know why this decision was made; it’s a bad decision.

Historic daily exchange rates are much needed for capital gains tax purposes to convert the cost of an asset at its purchase date.

ATO please provide a link to all tax years since 2002-03; they are much needed and will save a lot of time looking for an alternative exchange rate.”

 


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