26/02/2026
IAS 21 â Lack of Exchangeability (Amendments)đ¤
2025 January áážáŹ á
ááźáŽá¸ effective ááźá
áşáá˛áˇ Lack of Exchangeability áááŻááŹááŹáá˛đ¤
Lack of Exchangeability áááŻáᏠCompany áá
áşááŻáá˛áˇ financial reporting áážáŹ foreign currencies áááą functional currency áááŻáááşáááŻá¸áááˇáşáá˛áˇáĄááŤáážáŹ áĄááŻáśá¸ááźáŻááŹá¸áá˛áˇ exchange rate á exchangeable áááźá
áşáá˛áˇ rate áá˝áą áá˛áˇ áááˇáşááŹá¸áááşáááŻáááş Lack of Exchangeability áááŻáˇáá°ááááŻáˇáááŤáááşáđ
áááşáááŻáĄááźáąáĄááąáá˝áąáážáŹááźá
áşáááşáá˛áááŻááąáŹáˇ Company áá
áşááŻáᏠáĄáąáŹááşááŤáĄááťááşáá˝áąáá˛áˇ áááşáááŻááşááąááźáŽááᯠááźá
áşáááşááŤáááş-đ
⢠Legal FX restrictions
⢠Multiple exchange markets áĄá
áážááááźááˇáşááąáŤáˇá
IAS 21 â Lack of Exchangeability (Amendments) áᏠáááşáááŻáĄááźáąáĄááą áá˝áąáážáŹ áááşáááŻááŻááşáááá˛áááŻáᏠguideline ááąá¸ááŹá¸ááŹáá˛ááźá
áşáááşá
Standard áĄá -
⢠Step 1 â Assess Whether Currency Is Exchangeable ááŻááşááááş
⢠Step 2 â Estimate the Spot Exchange Rate
Company áĄááąáá˛áˇ Spot Rate áááŻáááşáááŻáááˇáşáážááşá¸ááá˛?
Possible estimation approaches áááąáŹáˇ general áĄááąáá˛áˇ áĄáąáŹááşá፠approaches áá˝áąáááąááááŻááşáááş,đ
⢠Observable parallel market rates
⢠Adjusted official rates
⢠Model-based estimates
⢠Recent transaction rates
⢠Step 3 â Apply the Estimated Rate :-
⢠âForeign currency transactions
⢠Translation of monetary items
⢠Consolidation of foreign operations
⢠Step 4 â New Disclosure Requirements
ááŹáá˝áą Noted to the financial statements áážáŹ disclose ááŻááşáááá˛?đ
QualitativeáĄááąáá˛áˇđ
⢠Nature of restrictions
⢠Currencies affected
⢠Description of estimation method
⢠Risks arising
Quantitative áĄááąáá˛áˇđ
⢠Carrying amounts affected
⢠Estimated rates used
⢠Sensitivity information (if material)
áĄá
áážáááŹáá˝áą disclose ááŻááşááááş