Questions tagged [foreign currency translation]

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Chiara Chiara Fri Jan 31 2025 | 7 answers 1438

Should a company use the current exchange rate for foreign currency translation?

Our company frequently deals with foreign currencies, and we need to translate them into our local currency for reporting purposes. I'm wondering if we should use the current exchange rate for foreign currency translation, or if there's a better method.

Should a company use the current exchange rate for foreign currency translation?

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