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.

Constant currency means that for the purpose of this Plan the calculation of the figures stated under IFRS denominated in Euro shall be adjusted for currency effects. For the ascertainment of the currency adjustment all line items of the profit and loss statements of the companies that are included in the consolidated financial statements and which have a functional currency other than the reporting currency (Euro) of the group are translated with the average exchange rates of the year of the consolidated financial statements that are the basis for the comparison.

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.

Examples of Constant currency in a sentence

• Constant currency results exclude any benefit or loss caused by foreign exchange fluctuations between foreign currencies and the United States dollar, net of foreign currency hedges, which would not have occurred if there had been a constant exchange rate.

• Constant currency revenue results are calculated by translating current period revenue in local currency using the prior period’s currency conversion rate.

• Constant currency is calculated by retranslating current and prior period results at a consistent rate.

• Constant currency removes effect of exchange rate movements on the translation of the results of our overseas operations.

• Constant currency financial measures are computed as if foreign currency exchange rates did not change from the prior period.

• Constant currency removes the impact of exchange rate movements to facilitate comparability of operational performance.

• Constant currency removes the impact of exchange rate movements to facilitate comparability.

• Constant currency results exclude any estimated benefit or loss caused by foreign exchange fluctuations between foreign currencies and the United States dollar, net of foreign currency hedges, which would not have occurred if there had been a constant exchange rate.

• Constant currency eliminates the translational effect that arises from changes in foreign currency year-on-year.

• Constant currency growth, a non-GAAP financial measure, measures the change in revenue between current and prior year periods using average exchange rates in effect during the applicable prior year period.