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If a company is exposed to different currencies, must it assume the same percentage change for each currency?

April 26, 2017assume COMPANY currencies currency different PERCENTAGE

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If a company is exposed to different currencies, must it assume the same percentage change for each currency?

1 Answer

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10 Posted

Answer No. Companies may use different percentages for different currencies. Companies should use changes that are not less than 10% different from the end of period market rates, unless there is economic justification for another amount.