Examlex
OD practitioners can make meaningful contributions to the following phases of mergers and acquisitions:
Functional Currency
The money type utilized in the financial statements of a business, which is from the main economic setting where the business functions.
Local Currency
The currency of the country in which the foreign operation is based.
Spot Exchange Rate
The exchange rate at a point of time for immediate delivery of the currency in an exchange.
Presentation Currency
The currency in which a company's financial statements are presented, typically the national currency of the country where the company is headquartered.
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