How to deal with exchange rates when revenue is consolidated per region
Hi guys! I'm doing equity research for the first time and I'm wondering how should I proceed when having consolidated revenue by region (e.g Africa, Latin America, etc.) to convert it to a given nacional currency (as US Dollars or Euros). Is there something like a "basket" of currencies for each region? What is the standard procedure?
Thanks in advance!
Are they not reporting all the regional data in the same currency, say usd, to begin with?
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