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calculation of Average rate

This topic has 1 reply, 2 voices, and was last updated 7 years ago by P2-D2.

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July 26, 2017 at 10:34 am #398736
ram1985
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Dear sir,
How to calculate Average Rate (AR) for computation of group statement of profit or loss under Foreign Exchange (IAS 21)?
July 26, 2017 at 11:47 am #398759
P2-D2
Keymaster
- Topics: 4
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Hi,
You won’t need to do this in the exam but it is just a simple arithmetic average of the exchange rate over 365 days.
Thanks
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