26 C.F.R. § 1.989(b)-1. - § 1.989(b)-1 Definition of Weighted Average Exchange Rate.

Current as of January 1, 1970

Section 1.989(b)-1 - § 1.989(b)-1 Definition of Weighted Average Exchange Rate.Section 1.989(b)-1 - § 1.989(b)-1 Definition of Weighted Average Exchange Rate.

Section 1.989(a)-1 - § 1.989(a)-1 Definition of a Qualified Business Unit.Section 1.991-1 - § 1.991-1 Taxation of a Domestic International Sales Corporation.

§ 1.989(b)-1 Definition of weighted average exchange rate.

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]

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