Constant currency definition

Constant currency means translating current period financial data at the prior year average exchange rates applicable to the local currency in which the transactions are denominated.
View Source
Constant currency means results excluding the effects of foreign currency fluctuations and is calculated by translating the current period and prior period’s results using the annual average exchange rates for the prior period.
View Source

Examples of Constant currency in a sentence

  • Constant currency results are calculated by translating the current year results at prior year monthly average exchange rates.

  • Constant currency sales results in APMEA declined due to negative comparable sales, partly offset by expansion for both periods.

Related to Constant currency

  • Relevant Currency means the currency specified as such or, if none is specified, the currency in which the Notes are denominated;

  • Fiat Currency means currency issued by the relevant body in a country or by a government that is designated as legal tender in its country of issuance through amongst other things, government decree, regulation, or law;

  • First Currency has the meaning specified in Section 1.15.

  • Payment Currency has the meaning given in Clause 21.4;

  • Component Currency means any currency which, on the Conversion Date, was a component currency of the relevant currency unit.