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  1. IAS 21: The Effects of Changes in Foreign Exchange Rates
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IAS 21: The Effects of Changes in Foreign Exchange Rates

Comparing proposed amendment...
Objective (paras. 1-2)
Scope (paras. 3-7)
Definitions (paras. 8-16)
Summary of the approach required by this Standard (paras. 17-19)
Estimating the spot exchange rate when a currency is not exchangeable (paragraphs A11–A17) (para. 19A)
Reporting foreign currency transactions in the functional currency (paras. 20-37)
Use of a presentation currency other than the functional currency (paras. 38-49)
Tax effects of all exchange differences (para. 50)
Disclosure (paras. 51-57B)
Effective date and transition (paras. 58-60N)
Withdrawal of other pronouncements (paras. 61-62)
Appendix A Application guidance
Appendix B Amendments to other pronouncements
Approval by the Board of IAS 21 issued in December 2003
Approval by the Board of Net Investment in a Foreign Operation (Amendment to IAS 21) issued in December 2005
IAS 21: Basis for Conclusions
Introduction (paras. BC1-BC3)
Functional currency (paras. BC4-BC9)
Presentation currency (paras. BC10-BC14)
Translation method (paras. BC15-BC23)
Capitalisation of exchange differences (paras. BC24-BC25F)
BC24-BC25
Net investment in a foreign operation (paras. BC25A-BC25F)
Goodwill and fair value adjustments (paras. BC26-BC32)
Disposal or partial disposal of a foreign operation (paras. BC33-BC40)
BC33-BC35
Disposal or partial disposal of a foreign operation (amendment 2011) (paras. BC36-BC40)
Lack of Exchangeability (BC41-BC65)
Background to the August 2023 amendments (BC41)
Assessing whether a currency is exchangeable (BC42-BC52)
Estimating the spot exchange rate when a currency is not exchangeable (BC53-BC57)
Disclosure (BC58-BC62)
Transition (BC63-BC65)
Illustrative Examples accompanying IAS 21 The Effects of Changes in Foreign Exchange Rates (IE1-IE18)
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