Exchange rates for the forth quarter of 2021
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 negative impact on Gross winnings revenue of approximately 4 per cent in the fourth quarter of 2021 compared to the same period of 2020.
|Balance sheet rates:|
|Rate to GBP||31-dec-21||31-dec-20||YoY Delta|
|Income statement averages for the quarter:|
|Rate to GBP||Avg Q4 21||Avg Q4 20||YoY Delta|