Forex rates nepal
These days people use about 180 currencies world wide! The truth is that we, people, don’t want to stay isolated. We love to sell, buy, import, export, trade together and do many other things, all in foreign currencies! Moreover, forex rates nepal exchange rates change every minute.
So how to bring a bit of organization into this currency mix-up? That’s why there is the standard IAS 21 The Effects of Changes in Foreign Exchange Rates. What is the objective of IAS 21? How to translate financial statements into a presentation currency. What exchange rates shall we use?