{"data":{"id":"us/26-cfr-1.989-b-1","jurisdiction":"us","citation":"26 CFR 1.989(b)-1","heading":"(b)-1 Definition of weighted average exchange rate.","body":"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.","path":["Title 26—Internal Revenue","CHAPTER I—INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY","SUBCHAPTER A—INCOME TAX","PART 1—INCOME TAXES"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-26.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:25:11Z","sha256":"0cbb034f4db300f73ca7e7532beeda8434900c18b2fb09ba9ca79cdee12b2f27","source_id":"us-cfr","stale":true,"prev":"us/26-cfr-1.989-a-1","next":"us/26-cfr-1.991-1"},"notice":"GroundRules: Original legal text. Not legal advice."}