3.2.2 Additional tab
Revaluation is the process of stating your foreign currency assets and liabilities in terms of the current exchange rates. Revaluation of your foreign exchange assets and liabilities can result in either a profit or a loss for your bank. This is because the equivalent of the foreign currency assets and liabilities in the local currency would be recorded in the books at rates other than the current exchange rates and converting the assets and liabilities to the current/revaluation rate would result in a change in the local currency equivalent amounts. This change can be a profit or a loss.
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