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.


For more about Upstox - Read more....

Comments

Popular posts from this blog

Resources and Links to learn Python for Data Science.

Electroculture Benefits & Uses. Part 2

10-week plan to learn Python for data science and data analysis, along with hands-on projects for each week.