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The tip-of-the-tongue state involves
Average Rate
The average rate is a mean exchange rate over a specified period, used for accounting purposes to convert foreign currencies into the functional currency.
Foreign Exchange Gain
A profit resulting from changes in the exchange rate between the base currency and the foreign currency in which a transaction is denominated.
Exchange Loss
A financial loss that occurs when the value of a currency decreases relative to another currency in transactions involving foreign exchange.
Year End
The end of the financial year for a company, marking the close of the reporting period.
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