Constant currency definition
Constant currency means translating current period financial data at the prior year average exchange rates applicable to the local currency in which the transactions are denominated.
Constant currency means results excluding the effects of foreign currency fluctuations and is calculated by translating the current period and prior period’s results using the annual average exchange rates for the prior period.
Examples of Constant currency in a sentence
Constant currency results are calculated by translating the current year results at prior year monthly average exchange rates.
Constant currency sales results in APMEA declined due to negative comparable sales, partly offset by expansion for both periods.