Remittance Basis: Remittance Basis up to 6 April 2008: Previous to 6 April 2008: Exchange rates
Foreign income is converted into, and foreign gains are computed in, pounds sterling in all necessary calculations. Entries on the SA Return should be in pounds sterling.
Exchange rates for the end of the calendar year and the end of the tax year can be found at HMRC website whilst daily rates can be found on a number of commercial websites.
Refer to RDRM31190 for further information about exchange rates.