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Constant Currencies |
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Constant Currencies A calculation of international sales that eliminates fluctuations in currency values. This calculation exists to make financial statements "cleaner." For example, suppose a Japanese company does most of its business in U.S. dollars. If its sales increase or decrease in dollar terms, this may or may not be reflected in yen because of changes to the exchange rate. Assuming a constant exchange rate for the financial statement helps the company accurately report information. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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