The Circular covers 30 foreign currencies, including major and regional currencies used in cross-border transactions and tax reporting. The rates are based on the European Central Bank reference and serve as the official benchmark for the 2025 tax year.
The Luxembourg Administration of Direct Tax has issued Circular L.G.-A No. 60bis/11 on 27 January 2026, providing the reference exchange rates of the euro for the year 2025.
The rates, which include both year-end (31 December 2025) and annual average figures, are to be applied for various tax purposes.
The Circular covers 30 foreign currencies, including major and regional currencies used in cross-border transactions and tax reporting. The rates are based on the European Central Bank reference and serve as the official benchmark for the 2025 tax year.
Selected 2025 EUR reference exchange rates
| Currency | Exchange Rate 31/12/2025 | Annual Average Rate |
| AUD – Australian Dollar | 1.7581 | 1.7518 |
| GBP – British Pound Sterling | 0.87260 | 0.85679 |
| USD – US Dollar | 1.1750 | 1.1300 |
| CHF – Swiss Franc | 0.9314 | 0.9370 |
| JPY – Japanese Yen | 184.09 | 169.04 |
| BRL – Brazilian Real | 6.4364 | 6.3072 |
| CNY – Chinese Yuan Renminbi | 8.2262 | 8.1185 |
| ZAR – South African Rand | 19.4439 | 20.1789 |
The Circular notes that reference exchange rates for a given tax year are published at the beginning of the following year and must be used consistently for corporate, individual, and other tax calculations requiring currency conversion.