What is constant currency in financial results?
Results based on a constant-currency basis strip off the effect of currency fluctuations and give investors the true picture of the company’s growth. This is because the change in currency prices (appreciation and depreciation) can impact financial numbers of export-oriented companies such as those in the IT and pharma sectors. For instance, rupee depreciation would mean these companies are getting more rupees for each dollar they earn.
Courtsey : Upstox (start Karke Dekho)
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