FX revaluation

Restating foreign-currency balances at period-end rates

Definition

FX revaluation is the accounting process of restating foreign-currency asset and liability balances at period-end exchange rates and recognizing the translation gain or loss. Under standards such as IAS 21, monetary items are remeasured at the closing rate.

How GyroX does it

GyroX handles IAS 21 FX revaluation rule-based: monetary items are remeasured at the closing rate and the translation gain or loss posts to the ledger, so you review instead of redo.

Finance & Ledger Treasury

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