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Functional Currency
The primary currency used by a business or unit in its financial statements, reflecting the main economic environment in which it operates.
Exchange Gains
Profits resulting from holding or transacting in foreign currencies when exchange rates move favorably.
Losses Reported
Refers to the financial losses that a company discloses in its income statement over a specific period.
Presentation Currency
The form of money utilized in the presentation of a corporation's financial reports.
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