Originally Posted by AtlantaTaxExpert
You can use the average exchange rate for 2010 as published by the IRS, or you can use the exchange rate on the date the interest was credited to your account.
However, you MUST be consistent. In that, I mean that if you use the average exchange rate when posting the interest, you MUST use the average exchange rate in ALL OTHER monetary conversions throughout the tax return.
Similarly, if you use the exchange rate on the date the interest was posted, you must use the exchange rate for all other transactions on the date the transaction occurred.
On VA state website, they mentioned that non-resident need not report bank interest, check below , so it means i can skip entire 1099-INT even if they were received while i was resident, bcoz i am filing as non-resident.
A nonresident is a person who is not a domiciliary or actual resident of Virginia,
but who received income from Virginia sources during the taxable year.
NOTE: Interest received by a nonresident from a personal account held in a Virginia bank and
pension or annuity payments made to a nonresident from a Virginia payer are not Virginia source income