Why would some companies decide to use an average rate for each week or month for translating

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Why would some companies decide to use an average rate for each week or month for translating foreign currency transactions?

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Advanced Financial Accounting

ISBN: 978-0137030385

6th edition

Authors: Thomas Beechy, Umashanker Trivedi, Kenneth MacAulay

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Question Posted: Mar 13, 2015 07:54 AM

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Why would some companies decide to use an average rate for each week or month for translating

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Advanced Financial Accounting

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