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Historical exchange rate |
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Historical exchange rate An accounting term that refers to the exchange rate in effect at the time an asset or liability is acquired. 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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Current and historical exchange rate information is available from Web sites such as the Federal Reserve Bank (www. 29) The adjusted tax basis of an asset is, again, determined in the owner's functional currency, using the spot or historical exchange rate, as appropriate, depending on the asset. Unless stated otherwise, all comparisons in this document are shown on a historical exchange rate basis. |
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