PVA Translation Method
PVA Translation Method behavior
Does anyone know the impacts on Balance Sheet movements using the PVA translation method?
I give an example:
P&L account translated using PVA (avg rate) = 100
BS account opening (opening rate) = 150
BS account closing (closing rate) = 280
BS Movements linked to the P&L account = 100?
BS FX impact movements = 30
Is my example correct? Is the PVA method also used for BS movements that usually (with VAL translation) are translated using avg rate YTD?
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