calculation of Average rate

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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
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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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