Question: How do you calculate current exchange rate from current year to prior year. The answer is 2,000,000 for this example but I don't know the
How do you calculate current exchange rate from current year to prior year. The answer is 2,000,000 for this example but I don't know the formula used to get this answer. I have tried everything.
| Account | Pound | Exchange Rate 2019 | Exchange Rate 2020 | Dollars | Translation Adj. |
| Net Assets (1/19) | $ 50,000,000.00 | $ 1.64 | $ 1.60 |
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