This is the currency translation standard currently used by U.S. firms. It mandates the use of the current rate method . See: Statement of Financial Accounting Standards No. 8 .
STATEMENT OF FINANCIAL ACCOUNTING STANDARDS NO. 52
Meaning of STATEMENT OF FINANCIAL ACCOUNTING STANDARDS NO. 52 in English
Campbell R. Harvey. Hypertextual finance English glossary. Английский словарь гипертекстовых финансов. 2012