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Currency conversion
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TOPIC: Currency conversion

Currency conversion 5 months, 4 weeks ago #2625

  • sdalto2
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Hi
I've read that all the foreign currency amounts are converted to US dollars. What is the strategy for the timing of the currency exchange rate used? E.g. a financial amount in a foreign currency is reported on the 10th June 2012. Is the exchange rate on that day used, is today's date used or some other method?
Simon

Re: Currency conversion 5 months, 4 weeks ago #2626

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We currently use the most recent currency exchange rate for all conversions (including those in the past). For currencies that have been volatile against the dollar, this can sometimes produce suboptimal results. Our company profiles let you see the full financial statement history in the original reporting currency (this can be a useful sanity check). You can click on a company and select View Company Profile to open a company profile.
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