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FX effects anysis

Hi all -

I need to do some analysis on the FX impact. Can someone help guide me in how to go about this?

Amy

Comments

  • SdaeblanaSdaeblana Registered Posts: 6
    You need to be more specific with your question.
  • NeillawNeillaw New Member RossendaleMAAT, AAT Licensed Accountant Posts: 271
    Are you comparing your fx against the budget fx set at the start of the period or just over a given period.

    If you have a static fx rate at the start of the period you need to add all your purchases/sales for that period and then convert it to GBP.

    You then need to do the same exercise with the adjusted fx rate and analyse your results as to favourable or adverse differences.

    Due to the when you start your analysis you may get the Brexit swing downwards which means you will lose out on the purchase side.
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