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Exchange rates for the second quarter of 2023

UPDATED TUE, 04 July, 2023 08:30 CEST
 

The net foreign exchange impact of the Kindred Group’s main trading currencies against its reporting currency of GBP is shown in the tables below. While this has no material impact on the underlying development of the Kindred Group’s business, it does affect the reported results when translated into GBP.

The weighted average movement of GBP against the Kindred Group’s main currencies was a positive impact on Gross winnings revenue of less than 1 per cent in the second quarter of 2023 compared to the same period of 2022.

Balance sheet rates:      
Rate to GBP 30-Jun-23 30-Jun-22 YoY Delta
AUD 1.911 1.759 -8.6%
DKK 8.677 8.668 -0.1%
EUR 1.165 1.165 0.0%
NOK 13.637 12.058 -13.1%
SEK 13.755 12.503 -10.0%
USD 1.266 1.210 -4.6%

 

Income statement averages for the quarter:      
Rate to GBP Avg Q2 23 Avg Q2 22 YoY Delta
AUD 1.874 1.758 -6.6%
DKK 8.567 8.776 2.4%
EUR 1.150 1.180 2.5%
NOK 13.407 11.820 -13.4%
SEK 13.186 12.352 -6.8%
USD 1.252 1.257 0.4%
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