IAS 21

International Accounting Standard 21, dealing with the effects of changes in foreign exchange rates.

Issued by the International Accounting Standards Board.

IAS 21 was amended with effect from 1 January 2025, in relation to lack of exchangeability.

See also

• Capital control
• Cumulative exchange differences
• Currency
• Exchange difference
• Exchangeability
• Foreign exchange
• IFRIC 22
• International Financial Reporting Standards
• Monetary
• Monetary asset
• Monetary items
• Monetary liability
• Non-monetary items

Other resources

• IAS 21: what treasurers need to know about forex accounting standard amendments - From 1 January 2025, changes to the international accounting standard on foreign exchange rates could present challenges for those dealing with strict capital controls 13 December 2024 - David Passarinho, senior financial reporting expert at Huawei Global Finance (UK) Ltd - The Treasurer online
• IAS 21 - IAS Plus summary
• IAS 21 full text
• IAS 21 amendments for lack of exchangeability - IAS Plus summary