Treasury Reporting Rates of Exchange As of .. December 1999

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Government can acquire foreign currencies for official ejqjenditures as reported by disbursing officers for each post on the last business day of the mondi prior to the date of the published report. Exan5)le: The quarterly report as of December 31, will reflect exchange rates reported by disbursing officers as of November 30. If current rales deviate from the rates in tiiis report by 10 percent or more, Treasiiry will issue amendments to thk quarterly report. Aroendmenis will also be issued to ...reflect the establishment of new foreign currencies.
To insure all reports are translated at uniform exchange rates, all U.S. Government agencies should use these rates, except as noted above, to convert foreign currency balances and accomplished reported transactions to U.S. dollar equivalents as of the date of this report and for the ensning three months. Since the exchange rates in this report are not current rates of exchange, they should not be used to value transactions affecting ddUar appropriations.


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