Exchange fluctuations loss or gain

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Shiva

Shiva (Querist)
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25 February 2016 pls explain what is exchange fluctuations loss or gain with case study. Thanks Shiva

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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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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