Expense Report: If I incur foreign travel expenses (not on P-Card), how do I convert to U.S. dollars when completing my report?
Currency conversion tools are available on websites such as OANDA (http://www.oanda.com/currency/converter/) and XE (http://www.xe.com/). These tools aid in determining the exchange rate based on destination and date. Note: if you have several expenses over a number of days you may use the average rate of those days as long as there is not a considerable variance among them. You may use the first and last day of travel to determine the average rate, however, if there are drastic changes among daily exchange rates, daily calculation may be required.