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Find the degree of the term.
Foreign Currency Transaction
A business deal or operation that involves the exchange of currencies from two different countries.
Australian Dollars
The official currency of Australia, symbolized as AUD.
Closing Rate
The exchange rate at the balance sheet date used to convert foreign currency denominated financial statements into the presentation currency.
Functional Currency
The currency of the primary economic environment in which an entity operates, typically used in its financial reporting.
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