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French income declarations: average exchange rates for foreign income

Worldwide income of residents in France and French property income of non-residents must be declared in euros to France

We obtain the major English-speaking nations’ currencies’ exchange rates Pic: mstanley / Shutterstock

Residents of France will be making their annual declarations of worldwide income this spring and, as usual, the issue of what exchange rate to use for foreign currencies arises. 

Income not received in euros should, strictly speaking, be converted at Banque de France rates on the day of banking for declaration in the French income tax return. 

The tax authorities have, however, tolerated use of an average rate for regular incomes in foreign currencies and have previously said that it is acceptable to use an average of the end-of-year rate for the tax year (2022 in this case) and the year before (2021). 

Using this, we obtain for major English-speaking nations’ currencies:

  • £1 = €1.158 

  • $1 US = €0.909 

  • $1 Canada = €0.694 

  • $1 Australia = €0.639 

  • $1 New Zealand = €0.599

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The Connexion Help Guides
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Income Tax in France 2023 (for 2022 income)*
Featured Help Guide
- Primarily aimed at Britons, covers pensions, rent, ISAs, shares, savings and interest - but also contains significant general information pertinent to readers of other nationalities - Overview of online declarations + step-by-step guide to the French printed forms - Includes updates given automatically after this year's site opened
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