Do you know of a currency calculator that uses the exchange rate at an earlier date?
Asked by
Bellatrix (
21317)
September 16th, 2012
I buy a lot of books from overseas for my work. I can claim these books on my tax but the purchase price is often in US$ or British pounds (can’t find the symbol). I am in Australia and so need to calculate the AU$ value at the time I bought the book.
I can find calculators that will convert the value of currency today but not retrospectively. Does anyone know of a site where I can put in a date and a US$ value or other currency and it will calculate the value based on the exchange rate on that earlier date?
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8 Answers
I’ve seen one. I wanted to see how the value of euros relative to American dollars had changed since I bought some. I found it by some persistent Googling: as I got warmer, I picked up key terms and used them to further my search. I’m pretty sure that it had a variety of currencies to choose from on both sides of the conversion.
I’m not going to sit down now and try to recreate that process, which took a while, but I can at least tell you that I did it and therefore that it can be done.
Thanks Jeruba. I will go on a deeper hunt later.
You can get this information on Yahoo Finance which will track exchange rates of major currencies (and AUD is a major currency).
SRM
Thank you everyone for your help with this.
@Allie, That is great additional info, and that’s from your own experience using the site.
I only quickly looked at several sites out there and Oanda seems the most capable of providing large amounts of time-series data. I haven’t used any of the online financial data services, though, for several years, free or otherwise.
Lots of corporate accounting and finance systems have in-house historical reference fx rates datasets for analysis and reporting. The ones I’ve seen are constantly using large amounts of time-series fx exchange rates data.
Thanks again. This will help a lot with my tax docs.
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