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Is it realized or unrealized gain or loss while revaluation on cash balance in foreign currency according exchange rate?
Wiki User
∙ 15y ago
It is an unrealized gain / loss. It is a restatement of the value of a balance in a certain currency, in relation to the base currency of the balance.
Realized gains / losses are for 'finalized' transactions, such as outstanding vendor amounts paid or customer amounts received and there is a loss or gain realized at that point. (this happens when there is a big fluctuation between the date the transaction is executed and the date the money changes hands)
Wiki User
∙ 15y ago
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