Presentation currency

Why does it matter in a group?

The presentation currency is a choice made by the group, not a fact about any company.¹ Using one currency for the whole group means every number can be added and compared. Companies with a different functional currencyFunctional currencyThe currency of the main economic environment in which a company operates. It is usually the currency the company records its transactions in.Open the glossary entry are translated into it, using the closing rateClosing rateThe spot exchange rate on the last day of the reporting period, used to translate a foreign subsidiary's assets and liabilities.Open the glossary entry for the balance sheet and the average rateAverage rateThe exchange rate for a period, usually the month, used to translate a foreign subsidiary's income and expenses into the group's presentation currency.Open the glossary entry for profit. Using the same group currency in every month’s reports keeps comparison like for like. Changing it later means restating every comparative figure, so choose it once.

A small example

Zenvara’s group presents in pounds sterling (GBP). Palmridge’s revenue of AED 4,800,000 for September 2026, at the average rate of 0.2025, is GBP 972,000 in the group statements.