Chapter 9 - Foreign currency Flashcards by aaa a | Brainscape

Q

Define Historic Rate (HR)

A

rate when the transaction took place/spot rate

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Define Closing Rate (CR)

A

rate at reporting date

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Define Average Rate (AR)

A

average rate during account period

How well did you know this?

1

Not at all

2

3

4

5

Perfectly