02 Apr 1515 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.”