Article D5.1.3
Currency Conversion for Excluded Costs
Financial Regulations
Article D5.1.3
Currency Conversion for Excluded Costs
Chapter: D
In Simple Terms
When F1 teams report their finances in a currency other than US Dollars, any dollar amounts in the cost cap rules get converted to their local currency using an official exchange rate set at the beginning of the financial year. This ensures all teams are measured fairly regardless of which currency they use for accounting.
- Teams can use their own currency for financial reporting instead of US Dollars
- Currency conversion uses the 'Initial Applicable Rate' established at the start of the financial period
- This applies specifically to excluded costs under Article D5 cost cap regulations
- The conversion ensures fair comparison across teams using different currencies
Official FIA Text
For purposes of Article D5, where an F1 Team has a Presentation Currency other than US Dollars, amounts expressed in US Dollars shall be converted into that F1 Team's Presentation Currency at the Initial Applicable Rate.
currency conversioncost capexchange ratepresentation currencyexcluded costs
2026 Season Regulations