Difference between revisions of "Foreign currency"
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Viewed from Japan, GBP would be the foreign currency. | Viewed from Japan, GBP would be the foreign currency. | ||
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* [[Foreign exchange]] | * [[Foreign exchange]] | ||
* [[Forward foreign exchange rate]] | * [[Forward foreign exchange rate]] | ||
| − | * [[FRS | + | * [[FRS 102]] |
| + | * [[GBP]] | ||
| + | * [[JPY]] | ||
Latest revision as of 07:51, 11 August 2016
Any currency which is not the domestic currency.
The definition of a foreign currency depends on the point of view.
From the perspective of the UK, JPY would be a foreign currency.
Viewed from Japan, GBP would be the foreign currency.
Relevant accounting standards include Section 30 of FRS 102.
