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While driving, I swerve my car to avoid hitting a pedestrian and end up totaling my car by hitting a telephone pole instead. Here, the
Exchange Rate
The price of one country's currency in terms of another currency, affecting international trade and finance transactions.
Cash Flows
refers to the in and out movement of cash and cash equivalents within a business.
Historical Rates
Exchange rates that were in effect at the time of a past transaction or financial statement, used for translating foreign currency transactions and balances into the reporting currency.
Foreign Operations
Business activities that are conducted in countries other than the company’s home country, often involving different currencies and regulations.
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