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1) Exchange Rates as at 1 October 2001 – Valuation date for Capital Gains Tax purposes:
| Australian Dollar | 4.4524 |
| Canadian Dollar | 5.7274 |
| Euro | 8.2228 |
| Hong Kong Dollar | 1.1590 |
| Indian Rupee | 0.1886 |
| Japanese Yen | 0.0755 |
| Swiss Franc | 5.5617 |
| UK Pound | 13.3017 |
| US Dollar | 9.0395 |
2) Average exchange rates for a year of assessment – The Average Exchange Rate is published in terms of the Income Tax Act, 1962 which provides specifically for amounts expressed in a foreign currency that must be translated into Rand by the application of the applicable average exchange rate.
3) Rates of Exchange – The Customs Rate of Exchange is used to convert the foreign amount import or export invoices into South African Rand. This is updated once a day with information obtained from the South African Reserve Bank by the Valuation Policy division.
