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Temporal method

• The foreign exchange translation method takes all transactions engaged in by the foreign subsidiary and converts them into Canadian dollars using the exchange rate in effect on the date of the original transaction.

• Under this currency translation method, the choice of exchange rate depends on the underlying method of valuation. Assets and liabilities valued at historical cost (market cost) are translated at the historical (current market) rate.

 
 Embedded terms in definition
 Assets
Currency
Exchange rate
Exchange
Foreign exchange
Foreign subsidiary
Foreign
Liabilities
Subsidiary
The exchange
Underlying
Valuation
 
 Related Terms
 

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