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What exchange rate do I use for cash purchases made abroad?

Occasionally, you may find yourself outside of the United Kingdom on business. While abroad, you might need to make some business purchases. There will be a few things to consider here, such as how you deal with foreign currency transactions.

Our advice would be for you to use the exchange rate that was valid on the day you purchased the business goods and the expense was incurred. The best way to do this would be to use a site such as

You can enter the date of the expense and it will show you the exchange rate for that particular day. After you have done this, we’d advise printing a copy of the calculation and attaching it to your expense receipts which can then be uploaded into Crunch, which will then mean it's filed for your records.

Last Updated: 08 Nov 2019 10:47AM GMT
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