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Exchange Gain
The profit realized from the sale of securities or foreign exchange transactions when the exchange rate moves in a favorable direction.
Functional Currency
The primary currency used by a business or unit in its financial transactions, reflecting the economic environment in which it primarily operates.
Foreign Subsidiary
A company that is owned or controlled by another company (parent company) and is located in a different country.
Functional Currency
The form of money prevalent in the primary financial setting where an organization conducts its operations and accrues cash flows.
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