Currency Issue

[Les]

I know this has been discussed in the past:

I have a foreign bank account, denominated in the local currency.  
Within this account, I also hold other currencies. However, the other 
currencies, instead of relating to the local currency, is relating to my 
native currency: USD.  This greatly distorts the total value of my 
foreign bank balance.  This is a problem because I have to report the 
year end value of all foreign accounts over $10000.00 and one over 
$50000.00 (individual).

Is there ever going to be a resolution to this problem? Suggestions?

Thanks,

Les