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Currency conversion: use the rate on the date of exportation

April 2025 examValuation, Appraisement and Duty AssessmentQuestion 77 of 80

If the commercial invoice is in a foreign currency, the foreign currency shall be converted to U.S. dollars using the proclaimed rate, certified rate, or rates effective on the _____.

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CBP answer key: Answer C · 19 CFR 159.32Source: CBP past exams ↗