Can I claim foreign currency exchange loss as a business deduction?

 Author: QuinnD(Newbie)Newbie

5 May 2026

Hello everyone, I was hoping for some clarity on the following situation.

I have a client who runs a touring business and held US$ in its business bank account. When the business converted those funds back to A$, they had realised a loss of $816. Can this amount be claimed as a business related deduction?

Thanks for the help with this query!

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