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Title 26 Part 1 → §1.989(b)-1

Title 26 → Chapter I → Subchapter A → Part 1 → §1.989(b)-1

Electronic Code of Federal Regulations e-CFR

Title 26 Part 1 → §1.989(b)-1

e-CFR data is current as of November 13, 2019

Title 26Chapter ISubchapter APart 1 → §1.989(b)-1


Title 26: Internal Revenue
PART 1—INCOME TAXES (CONTINUED)


§1.989(b)-1   Definition of weighted average exchange rate.

For purposes of section 989(b)(3) and (4), the term “weighted average exchange rate” means the simple average of the daily exchange rates (determined by reference to a qualified source of exchange rates described in §1.988-1(d)(1)), excluding weekends, holidays and any other nonbusiness days for the taxable year.

[T.D. 8263, 54 FR 38664, Sept. 20, 1989. Redesignated by T.D. 8367, 56 FR 48437, Sept. 25, 1991; 57 FR 6060, Feb. 18, 1992; T.D. 9452, 74 FR 27890, June 11, 2009]


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