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Foreign Exchange for Financial Statements

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(Querist)
03 June 2010 Hello,

Can we take average exchange price for P&L at the end of the year?
For example: 41.10(Q1)+42.52(Q2)+40.35(Q3)+45.20=42.29(Avg Price)
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Abhishek

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Abhishek (Expert)
04 June 2010 The average will be of the exchange rates at the begining and at the end of the year and not of quarters as mentioned in your query

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