# Valuation of Crypto Assets As many crypto assets are traded on exchanges without fiat conversions, the value of any gain or loss must be converted into South African Rands to declare on your tax returns. The statutory tax rules for foreign currency conversion must be followed in each case. Where the transaction does not have a fiat value (for example if Bitcoin is exchanged for Ethereum) an appropriate value for the crypto assets at the time of the transaction must be established, in order to convert the transactional value to South African Rands. Reasonable care should be taken to arrive at an appropriate valuation for the transaction using a consistent methodology. Details of the valuation methodology must be readily available, should this be a subject of enquiry. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.recap.io/south-african-tax-guide/cryptocurrency-tax/valuation-of-crypto-assets.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.