Effect of Exchange Rate Changes
The financial metric "Effect of Exchange Rate Changes" for a company refers to the impact of fluctuations in exchange rates on the company's financial statements, particularly its revenues, expenses, assets, and liabilities. This metric measures the gain or loss a company experiences due to changes in foreign currency exchange rates on its financial performance. It is commonly reported in a company's financial statements, such as the income statement, balance sheet, and statement of cash flows. The metric is significant for companies operating in multiple countries since it impacts their revenues, expenses and cash flows and can affect profitability and shareholder returns.
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