Treasury Regulations · 26 CFR
§ 1.989(b)-1. Definition of weighted average exchange rate.
Regulation text, no changes From the eCFR, current as of October 15, 2026. The eCFR is an authoritative but unofficial editorial compilation of the Code of Federal Regulations; the official text is the annual CFR on govinfo. Compare it with this section on ecfr.gov (external site) or the official annual CFR on govinfo (external site).
Regulation under 26 U.S.C. § 989(b)
Cite as 26 CFR § 1.989(b)-1
At a glance
Read from the text and its source citation. Not part of the regulation.
- Status
- In the current eCFR
- Issued
- September 20, 1989 by T.D. 8263
- Last amended
- June 11, 2009 by T.D. 9452
- Issued under
- 26 U.S.C. § 989(b)
- Length
- 78 words · about 1 min to read
- Defines
- 1 term
- Cross-references
- cites 1 Code section and 1 regulation; cited by 4
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]
Terms defined here
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Cross-references
Computed from the citations in the text of 26 CFR.
Code sections it cites
Regulations it cites
Cited by 4 other regulations
- § 1.882-5 Determination of interest deduction.
- § 1.986(a)-1 Translation of foreign income taxes for purposes of the foreign tax credit.
- § 1.6038-2 Information returns required of United States persons with respect to annual accounting periods of certain foreign corporations.
- § 1.7874-3 Substantial business activities.
Amendment history
From the source citation at the end of the section, newest first. T.D. is a Treasury decision; FR is the Federal Register.
- Amended by T.D. 9452 (74 FR 27890)
- Amended (57 FR 6060)
- Amended by T.D. 8367 (56 FR 48437)
- Issued by T.D. 8263 (54 FR 38664)
Where it sits in 26 CFR
- Subchapter A Income tax
- Part 1 Income taxes
- Foreign Currency Transactions