Exchange fluctuations loss or gain
This query is : Resolved
25 February 2016
pls explain what is exchange fluctuations loss or gain with case study.
Thanks
Shiva
KAVIRAJA ADDANGADI
(Expert)
25 February 2016
In finance, an exchange rate (also known as a foreign-exchange rate, forex rate, FX rate ) between two currencies is the rate at which one currency will be exchanged for another. When we book transaction at the rate prevailing on that date with equalent Indian Currency , During realisation you will receive money Prevailing rate so difference may be profit or loss due to exchange fluctuation. refer Ind AS 21 The Effects of Changes in Foreign Exchange Rates
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