HMRC exchange rates 2024
Every HMRC monthly period rate published for 2024 — 12 months, around 140 currencies each. These are the rates to use when converting a 2024 transaction for a VAT return, a customs declaration or a correction: the rate that applies is the one for the period the transaction falls in, not the rate in force when the paperwork is done.
The year in the main currencies
High, low and average of the published monthly rates across 2024. HMRC issues each month on its own and publishes no annual summary, so this comparison is ours.
| Currency | Low | High | Average | Spread | Jan → Dec |
|---|---|---|---|---|---|
| AUD | 1.8687 Jan |
1.9517 Nov |
1.9290 | 4.4% | +4.2% |
| CAD | 1.6878 Jan |
1.7949 Oct |
1.7461 | 6.3% | +5.0% |
| CHF | 1.0928 Jan |
1.1629 Jun |
1.1236 | 6.4% | +2.6% |
| EUR | 1.1567 Jan |
1.2031 Nov |
1.1789 | 4.0% | +3.7% |
| JPY | 181.3967 Jan |
203.9707 Aug |
193.3900 | 12.4% | +8.8% |
| USD | 1.2457 May |
1.3211 Oct |
1.2786 | 6.1% | +0.1% |
The widest swing among these was JPY, ranging 12.4% between its lowest month (January 2024) and its highest (August 2024). For a business invoicing in that currency through 2024, that is the size of the reporting difference between one month and another on an otherwise identical invoice.
Every month of 2024
Other years
For the month HMRC has most recently published, and an explanation of which rate applies to which tax, see our HMRC exchange rates page. If you are converting money rather than reporting it, the FX calculator shows what a provider's margin costs against the mid-market rate.
Source: HMRC monthly exchange rate files via the UK Online Trade Tariff, under the Open Government Licence v3.0 · Editorial policy