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That is, the exchange rate must be reported in terms of the amount by which the functional currency amount must be divided in order to reflect an equivalent amount of U.S. dollars. As such, the exchange rate must be reported as the units of foreign currency that equal one U.S. dollar, rounded to at least four places.

Know the country's exchange rate before you travel ? these are usually posted online and at banks, airports and currency exchange shops. If you don't know the exchange rate, you can use this formula: starting amount (base currency) / ending amount (foreign currency) = exchange rate.

The Dual Currency Investment is an investment product described as ?principal-at-risk?. The actual return of the investment may be negative in the event the base currency is paid in the alternate currency.

The Internal Revenue Service has no official exchange rate. Generally, it accepts any posted exchange rate that is used consistently. When valuing currency of a foreign country that uses multiple exchange rates, use the rate that applies to your specific facts and circumstances.

currency note (DC) pays coupons in the investor's domestic currency with the notional in the issuer's domestic currency. A reverse dualcurrency note (RDC) is a note which pays a foreign interest rate in the investor's domestic currency.

A cross rate is the exchange rate of two currencies, neither of which is the base currency in the pair. The cross rate is determined by comparing the exchange rates of the two currencies against a common third currency. For instance, the cross rate between EUR/GBP is derived by dividing EUR/USD by GBP/USD.

Fixed exchange rates work well for growing economies that do not have a stable monetary policy. Fixed exchange rates help bring stability to a country's economy and attract foreign investment. Floating exchange rates work better for countries that already have a stable and effective monetary policy.