TaxBullUK capital gains tax

HMRC exchange rates for December 2025

142 currencies, as HMRC published them for 1 to 31 December 2025. Each figure is the number of units you get for one pound.

Divide, do not multiply

Sterling is the foreign amount divided by the rate in this table. Multiplying instead is wrong by the square of the rate, which on a typical dollar figure is more than half as much again.

HMRC do not prescribe which exchange rate you use. CG78310 expects a reasonable and consistent method, and the monthly rate is the method this calculator applies to every trade. What CG78310 does settle is the date: sterling worth is taken at the date of the acquisition or disposal (Bentley v Pike, Capcount Trading v Evans). A broker's own rate and a market feed are neither published nor consistent, so this site never reads one.

Every rate HMRC published for December 2025

Units of each currency per £1, for 1 to 31 December 2025. Sorted by currency code.
Code Currency Units per £1 Period covered
AED Dirham 4.8204 1 to 31 December 2025
ALL Lek 109.5037 1 to 31 December 2025
AMD Dram 499.7654 1 to 31 December 2025
AOA Readj Kwanza 1,201.0841 1 to 31 December 2025
ARS Peso 1,838.1443 1 to 31 December 2025
AUD Dollar 2.0226 1 to 31 December 2025
AWG Florin 2.3495 1 to 31 December 2025
AZN New Manat 2.2313 1 to 31 December 2025
BAM Marka 2.2157 1 to 31 December 2025
BBD Dollar 2.6251 1 to 31 December 2025
BDT Taka 160.5873 1 to 31 December 2025
BGN Lev 2.2157 1 to 31 December 2025
BHD Dinar 0.4935 1 to 31 December 2025
BIF Franc 3,876.0939 1 to 31 December 2025
BMD Dollar (US) 1.3126 1 to 31 December 2025
BND Dollar 1.7114 1 to 31 December 2025
BOB Boliviano 9.0809 1 to 31 December 2025
BRL Real 6.9885 1 to 31 December 2025
BSD Dollar 1.3126 1 to 31 December 2025
BTN Ngultrum 116.2366 1 to 31 December 2025
BWP Pula 17.6973 1 to 31 December 2025
BYN Rouble 4.4824 1 to 31 December 2025
BZD Dollar 2.6435 1 to 31 December 2025
CAD Dollar 1.8382 1 to 31 December 2025
CDF Congo Fr 2,986.0494 1 to 31 December 2025
CHF Franc 1.0523 1 to 31 December 2025
CLP Peso 1,221.3103 1 to 31 December 2025
CNY Yuan 9.3331 1 to 31 December 2025
COP Peso 4,883.0857 1 to 31 December 2025
CRC Colon 656.6043 1 to 31 December 2025
CUP Peso 31.4776 1 to 31 December 2025
CVE Escudo 124.9187 1 to 31 December 2025
CZK Koruna 27.3744 1 to 31 December 2025
DJF Franc 234.1972 1 to 31 December 2025
DKK Krone 8.4616 1 to 31 December 2025
DOP Peso 83.962 1 to 31 December 2025
DZD Dinar 171.1817 1 to 31 December 2025
EGP Pound 62.2092 1 to 31 December 2025
ERN Nakfa 19.6883 1 to 31 December 2025
ETB Birr 203.7889 1 to 31 December 2025
EUR Euro 1.1328 1 to 31 December 2025
FJD Dollar 2.9983 1 to 31 December 2025
GEL Lari 3.5496 1 to 31 December 2025
GHS Cedi 14.4535 1 to 31 December 2025
GMD Dalasi 96.641 1 to 31 December 2025
GNF Franc 11,410.1642 1 to 31 December 2025
GTQ Quetzal 10.0542 1 to 31 December 2025
GYD Dollar 274.6965 1 to 31 December 2025
HKD Dollar 10.22 1 to 31 December 2025
HNL Lempira 34.5488 1 to 31 December 2025
HTG Gourde 172.2254 1 to 31 December 2025
HUF Forint 433.311 1 to 31 December 2025
IDR Rupiah 21,950.692 1 to 31 December 2025
ILS Shekel 4.2894 1 to 31 December 2025
INR Rupee 116.2366 1 to 31 December 2025
IQD Dinar 1,720.8643 1 to 31 December 2025
ISK Krona 166.3575 1 to 31 December 2025
JMD Dollar 210.8915 1 to 31 December 2025
JOD Dinar 0.9306 1 to 31 December 2025
JPY Yen 204.8929 1 to 31 December 2025
KES Schilling 170.5808 1 to 31 December 2025
KGS Som 114.8368 1 to 31 December 2025
KHR Riel 5,257.4325 1 to 31 December 2025
KMF Franc 557.3228 1 to 31 December 2025
KRW Won 1,924.4352 1 to 31 December 2025
KWD Dinar 0.4031 1 to 31 December 2025
KYD Dollar 1.0886 1 to 31 December 2025
KZT Tenge 680.7221 1 to 31 December 2025
LAK Kip 28,435.2205 1 to 31 December 2025
LBP Pound 117,965.0934 1 to 31 December 2025
LKR Rupee 404.3503 1 to 31 December 2025
LRD Dollar 237.0998 1 to 31 December 2025
LSL Loti 22.5147 1 to 31 December 2025
LYD Dinar 7.1618 1 to 31 December 2025
MAD Dirham 12.144 1 to 31 December 2025
MDL Leu 22.2585 1 to 31 December 2025
MGA Malagasy Ariary 5,890.8664 1 to 31 December 2025
MKD Denar 69.7211 1 to 31 December 2025
MMK Kyat 2,756.2148 1 to 31 December 2025
MNT Tugrik 4,685.5492 1 to 31 December 2025
MOP Pataca 10.5266 1 to 31 December 2025
MRU Ouguiya 52.1296 1 to 31 December 2025
MUR Rupee 60.263 1 to 31 December 2025
MVR Rufiyaa 20.2597 1 to 31 December 2025
MWK Kwacha 2,277.1723 1 to 31 December 2025
MXN Mexican Peso 24.0402 1 to 31 December 2025
MYR Ringgit 5.4469 1 to 31 December 2025
MZN Metical 83.8617 1 to 31 December 2025
NGN Naira 1,903.3812 1 to 31 December 2025
NIO Gold Cordoba 48.311 1 to 31 December 2025
NOK Norwegian Krone 13.3032 1 to 31 December 2025
NPR Rupee 186.0657 1 to 31 December 2025
NZD Dollar 2.3307 1 to 31 December 2025
OMR Rial 0.505 1 to 31 December 2025
PAB Balboa 1.3126 1 to 31 December 2025
PEN New Sol 4.4238 1 to 31 December 2025
PGK Kina 5.5517 1 to 31 December 2025
PHP Peso 77.3109 1 to 31 December 2025
PKR Rupee 370.9532 1 to 31 December 2025
PLN Zloty 4.7923 1 to 31 December 2025
PYG Guarani 9,236.4794 1 to 31 December 2025
QAR Riyal 4.7777 1 to 31 December 2025
RON New Leu 5.7651 1 to 31 December 2025
RSD Dinar 132.8126 1 to 31 December 2025
RUB Rouble 105.9667 1 to 31 December 2025
RWF Franc 1,909.1178 1 to 31 December 2025
SAR Riyal 4.9221 1 to 31 December 2025
SBD Dollar 10.8139 1 to 31 December 2025
SCR Rupee 18.3013 1 to 31 December 2025
SDG Pound 787.3727 1 to 31 December 2025
SEK Krona 12.4529 1 to 31 December 2025
SGD Dollar 1.7114 1 to 31 December 2025
SLE Leone 30.0508 1 to 31 December 2025
SOS Schilling 747.8634 1 to 31 December 2025
SRD Dollar 50.6428 1 to 31 December 2025
SVC Colon 11.4848 1 to 31 December 2025
SZL Lilangeni 22.5147 1 to 31 December 2025
THB Baht 42.5477 1 to 31 December 2025
TMT New Manat 4.5917 1 to 31 December 2025
TND Dinar 3.8716 1 to 31 December 2025
TOP Pa'anga (AUS) 3.1469 1 to 31 December 2025
TRY Turkish Lira 55.5844 1 to 31 December 2025
TTD Dollar 8.8961 1 to 31 December 2025
TWD Dollar 40.9663 1 to 31 December 2025
TZS Schilling 3,190.7091 1 to 31 December 2025
UAH Hryvnia 55.2617 1 to 31 December 2025
UGX Schilling 4,788.0958 1 to 31 December 2025
USD Dollar 1.3126 1 to 31 December 2025
UYU Peso 52.2715 1 to 31 December 2025
UZS Sum 15,700.9387 1 to 31 December 2025
VED not held 311.0557 1 to 31 December 2025
VND Dong 34,628.6075 1 to 31 December 2025
VUV Vatu 160.1906 1 to 31 December 2025
WST Tala 3.6973 1 to 31 December 2025
XAF CFA Franc 743.097 1 to 31 December 2025
XCD E Caribbean Dollar 3.5518 1 to 31 December 2025
XOF CFA Franc 743.097 1 to 31 December 2025
XPF CFP Franc 135.1843 1 to 31 December 2025
YER Rial 313.0956 1 to 31 December 2025
ZAR Rand 22.5147 1 to 31 December 2025
ZMW Kwacha 29.8901 1 to 31 December 2025
ZWG Zimbabwe Gold 34.5908 1 to 31 December 2025

Rates are shown exactly as published and are not rounded, because the calculator divides by the same figure. A currency with no name against it is one this server holds only by code.

Where this month came from

Months from January 2021 onwards come from the Online Trade Tariff, which publishes one CSV per month. This is the file for December 2025:

https://www.trade-tariff.service.gov.uk/api/v2/exchange_rates/files/monthly_csv_2025-12.csv

Ask that service for a month before January 2021 and it answers 404, which is the same answer it gives for a month nobody has published yet. Those months come from HMRC's XML archive instead.

The collection that lists both is Exchange rates for customs and VAT on gov.uk. Nothing here is taken from a mirror. A rate comes from HMRC or it does not come at all.

Using this month on a return

Work out the tax from your broker CSV →

Upload a broker export and every foreign trade in it is converted at the HMRC rate for its own month, with the month named in the report. The guide explains the matching rules that decide which cost a disposal takes.