My French wages (or pension ) are taxable in the United States. How do I convert its amount into dollars?
To convert a remuneration or a pension from French francs into dollars, you must use the conversion rate of the day of payment. the source of this conversion rate has to remain the same. You should be able to justified it with the IRS For regular income, such as compensation or pensions. You can use for example the average rate of the Trésorerie of the French Embassy (1 $ – FF 7.13 in 2001, 1 $ = 1.07 Euro in 2002, 1 $ = 0.89 € in 2003, 1$ = 0.80 € and 1 € = 1.24 $ in 2004, 1 $ = 0.79 € and 1 € = 1.25 $ in 2005, 1$ = 0.796 € and 1 € = 1.2563 $ in 2006), 1$ = € 0,73 and 1 €= € 1.73 in 2007).
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