Foreign currency

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Revision as of 11:58, 6 November 2015 by imported>Doug Williamson (Update for FRS 102)
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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.


See also