Where do I get the exchange rate? | AccountingWEB

Where do I get the exchange rate?

Ltd Co client has a USD bank account.  I'm preparing 2011 annual accounts per FRSSE 2008 and I need to translate the value of the USD bank account as at 31st December 2011.  There are no forward contracts in place.  Which rate do I use?  Where do I get it from?

Many thanks

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taxhound |
taxhound's picture

I Concur

RobBurnell |
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Jasper21 |

That will be

taxhound |
taxhound's picture

The clue

Euan MacLennan |
Euan MacLennan's picture

I always use either ...

Old Greying Accountant |
Old Greying Accountant's picture

An alternative......

tonyc |
tonyc's picture

SSAP 20 Foreign currency

Bridget.Russell |