How to determine the course difference

The term difference is a difference in the cost of a product or service that arises in connection with the current exchange rate of the ruble in relation to foreign currency. With its definition, difficulties often arise. After reading this article, you will learn how to determine the course difference.

The term difference occurs due to different dates in the payment of goods (services), when the ratio of the ruble to foreign currency changes for a given period of time. It means that when the goods are paid in advance completely, then no course difference can be.

The recalculation of currency funds is carried out according to the Accounting Regulations 3/2006 "Accounting for exchange differences." The calculation is the difference between the ruble estimate of the value of the asset or obligations in foreign currency, calculated at the time of the operation.

Calculate the necessary value is possible in two ways: "From the reverse" or on the difference of courses. For the first option, write down the balance of the account in foreign currency and multiply the currency rate on the date under consideration. It will be the value of the currency coating. Next, from the ruble coating at the current date will be subtracted by the balance of the account in the national currency. This number is the necessary value.

When calculating an alternative method, the Formula of the Kyrgyz Republic \u003d (KCB (TD) - KCB (PRD)) * C (IV) is applied. KCB (TD) - Currency Currency Currency at the current date, KCB (PRD) - a central bank currency rate for the previous date, with (IV) - balance in foreign currency.

Example: I received a product 01.07.2014 in the amount of 1100 EUR at the rate of 46.99. Payment was listed on 01.08.2014. at the rate of 47.47. So, the term difference was 528 p.

There are differences between the currency exchange rate on the interbank foreign exchange market and the official course of the National Bank there are differences. To determine the course difference, you need to use only NBR data.