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How is foreign currency calculated using a Currency Converter?
Foreign currency is calculated using the average market value of the currency over a 24 hour period and then comparing that value to other currencies. This is why exchange rates can vary from day to day.
How to record Foreign currency translation reserve movement in cash flow?
with excel
What has the author George D Georgiou written?
George D. Georgiou has written: 'Foreign currency translation and FRS 1'
What factors create a foreign exchange gain on a foreign currency transaction?
An appreciation in a foreign currency creates a foreign exchange gain when the foreign currency is to be received. A decrease in the value of foreign currency creates a foreign exchange gain when the foreign currency is to be paid. (Hoyle, Schaefer, Doupnik, 2009, pp. 328)
What has the author Moustafa F Abdel-Magid written?
Moustafa F. Abdel-Magid has written: 'Ratio scales, foreign exchange rates, and the problem of foreign currency translation'
What determines the foreign currency value against Indian currency?
The foreign currency against domestic currency is the buying and selling
What is a foreign currency?
A currency from a country in which you don't reside. For instance, to an American, a peso would be considered foreign currency. To a Mexican, a penny would be considered foreign currency.
What is the currency and foreign exchange code of Bolivia?
The currency in Bolivia is Boliviano and the foreign exchange code of the currency is BOB.
What is the definition of foreign currency?
foreign currency just refers to the money used in other countries. For instance, in America, Chinese money is foreign currency.
Can you still exchange foreign currency that is uncirculated?
we can exchange foreign currency of leats of banks
What is Foreign currency translation reserve?
Foreign Currency Translation reserve arise at the time of consolidating the foreign entities with Holding company Ans: While preparing the financial statemetns the parent company has to consolidate all the results,together with assets and liabilties of its subsidiaries, Associates and Joint ventures( for associate &J.V only to the extent of % of share holding) . However if the subsidiaries, associates,or joint ventures are located in other than domestic country then while consolidation there are tend to be" Currency differences" due to difference in the rates applied The resulatnt exchange gains or loss from translating from foreign currency to domestic country is a unrealised loss, so we have shown under separate head called" Foregin currency translation reserve". The same is also taken while computing comprehensive income Please let me know if any updates in this regard Regards, Ram
When did trading begin in foreign currency futures?
In 1972 it launched a contract in foreign currency futures.
