4
The financial statements of companies outside the European Currency Union are translated in accordance with the functional currency concept. For all our companies, we translate items in the balance sheet using the closing rate and items in the income statement using the average rate.
The main exchange rates used are as follows:
The following principal exchange rates have been used:
Exchange rate 1 € = |
|
ISO-Code |
|
Mid-rate on balance sheet date |
|
Annual average rate |
||||
|
|
|
|
|
|
January to March |
||||
|
|
|
|
31.03.2008 |
|
31.12.2007 |
|
2008 |
|
2007 |
Argentina |
|
ARS |
|
4.997500 |
|
4.595500 |
|
4.728300 |
|
4.058440 |
Australia |
|
AUD |
|
1.727800 |
|
1.665800 |
|
1.657050 |
|
1.667080 |
Brazil |
|
BRL |
|
2.770500 |
|
2.596800 |
|
2.607720 |
|
2.763910 |
Canada |
|
CAD |
|
1.619100 |
|
1.453800 |
|
1.507460 |
|
1.535310 |
China |
|
CNY |
|
11.062700 |
|
10.656700 |
|
10.738710 |
|
10.170990 |
Czech Republic |
|
CZK |
|
25.233000 |
|
26.521000 |
|
25.564420 |
|
28.039740 |
Great Britain |
|
GBP |
|
0.795400 |
|
0.735100 |
|
0.758100 |
|
0.670610 |
Hungary |
|
HUF |
|
260.650000 |
|
252.990000 |
|
259.404840 |
|
252.295330 |
Malaysia |
|
MYR |
|
5.045100 |
|
4.824900 |
|
4.836320 |
|
4.584600 |
Mexico |
|
MXN |
|
16.783000 |
|
15.915900 |
|
16.203590 |
|
14.449060 |
Norway |
|
NOK |
|
8.042000 |
|
7.931600 |
|
7.966810 |
|
8.169420 |
Poland |
|
PLN |
|
3.514600 |
|
3.603100 |
|
3.574270 |
|
3.885740 |
South Africa |
|
ZAR |
|
12.821400 |
|
10.016100 |
|
11.339100 |
|
9.482210 |
South Korea |
|
KRW |
|
1,562.130000 |
|
1,365.480000 |
|
1,434.573850 |
|
1,230.799110 |
Sweden |
|
SEK |
|
9.379900 |
|
9.435600 |
|
9.397850 |
|
9.189010 |
Switzerland |
|
CHF |
|
1.567500 |
|
1.654000 |
|
1.599020 |
|
1.616420 |
Turkey |
|
TRY |
|
2.100300 |
|
1.703600 |
|
1.812980 |
|
1.848970 |
USA |
|
USD |
|
1.577300 |
|
1.459000 |
|
1.499770 |
|
1.310430 |
| History: |