12 Euro to USD
This quarterly report details the exchange rates used by the U.S. government for acquiring foreign currencies, such as converting 12 Euro To Usd, for official expenditures. These rates, reported by disbursing officers at each post, are captured on the last business day of the month before the report’s publication date. The report serves as a crucial resource for government agencies needing to convert foreign currencies, including understanding the value of 12 Euro to USD, into their USD equivalent.
Significant deviations, 10% or more, between current market rates and the published rates trigger amendments to the quarterly report. These amendments provide updated exchange rates, crucial for accurately calculating the USD equivalent of foreign currencies like 12 Euros. An amended rate appears as a new line item with a distinct effective date, ensuring clarity and accuracy for transactions conducted in the remaining months of the quarter. For instance, a rate amended on April 30th would have two entries: the original March 31st rate and the April 30th amended rate, applicable for May and June transactions. New foreign currencies also necessitate amendments. This amendment tracking, implemented since March 2021, allows for precise currency conversion, even amidst fluctuating market conditions.
Certain exceptions preclude the use of these reported rates. These include: collections and refunds governed by international agreements using pre-determined rates; conversions between foreign currencies; foreign currency sales for dollars; and transactions impacting dollar appropriations. Comprehensive guidance on these exceptions is available in Volume I Treasury Financial Manual 2-3200. Understanding these exceptions is crucial for accurate financial reporting, particularly when dealing with sums like 12 Euro to USD, where specific regulations may apply.
To maintain consistency, all U.S. government agencies are required to utilize these published rates for converting foreign currency balances and transactions into USD equivalents. This standardized approach ensures uniformity in financial reporting across all government entities. However, it’s important to note that these rates are not current market rates and shouldn’t be used for valuing transactions affecting dollar appropriations. Historical exchange rate data prior to 2001 is accessible on the GovInfo.gov website, providing a comprehensive archive dating back to 1956. This historical data offers valuable context for understanding long-term currency fluctuations and trends. While this report provides essential information for converting sums like 12 Euro to USD for official purposes, it’s crucial to remember that these are not real-time rates and should not be used for personal transactions. For current exchange rates for personal use, consult a reliable financial institution or currency converter.