In our special edition Quarter Close video on Venezuelan exchange rates, PwC's Stephanie Stewart, John Bishop and John Horan discuss the reporting implications of the three exchange mechanisms administered by the Venezuelan government. Companies may need to exercise considerable judgment to determine which rate to utilize to remeasure their bolivar denominated monetary assets and liabilities, and to record associated revenues and expenses. This video explores how to consider what rate to use and when using multiple rates may be appropriate. It also discusses consolidation guidance and provides our key takeaways.
For further information on Venezuela exchange rates, read our Dataline on the implications of recent events in Venezuela.