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Definition of

closing rate method

Currency & Exchange

currency conversion method in accounts a technique for translating the figures from a set of financial statements into a different currency using the closing rate. This method is often used for the accounts of a foreign subsidiary of a parent company.

Definitions of ’closing rate method’ and meaning of ’closing rate method’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’closing rate method’ and other financial terms with our online QFINANCE Financial Dictionary.

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