Exchange Rate Tool

Updated: 2023-02-20

Easily select an exchange rate for forms like the S3M.

  1. Place your cursor in the Exchange rate field.
  2. Go to the Tools menu and click Exchange rates.
    Screen Capture: S3M Exchange Rate Field
  3. Select a currency from the drop-down list.
  4. Click on a rate (annual or monthly).
  5. Click on a monthly rate to see the daily rates for that month at the bottom left. Click on a daily rate there to use it.
  6. Double-click on a rate to copy it to the clipboard, or click on a rate and then click the Copy to clipboard button.
  7. Click the Copy to field button to enter the rate on the field.
    Screen Capture: Bank of Canada FX Rates
  8. TaxCycle adds the rate to the field along with a memo to indicate the currency and the date for the exchange rate.
    Screen Capture: Exchange rate on S3M