EN / SV

Exchange rates for the forth quarter of 2023

UPDATED TUE, 02 January, 2024 14:30 CET
 

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 between 1 and 2 per cent in the fourth quarter of 2023 compared to the same period of 2022.

Balance sheet rates:      
Rate to GBP 31-dec-23 31-dec-22 YoY Delta
AUD 1.871 1.769 -5.8%
DKK 8.576 8.385 -2.3%
EUR 1.151 1.127 -2.1%
NOK 12.934 11.854 -9.1%
SEK 12.768 12.540 -1.8%
USD 1.272 1.203 -5.7%

 

Income statement averages for the quarter:      
Rate to GBP Avg Q4 23 Avg Q4 22 YoY Delta
AUD 1.907 1.787 -6.7%
DKK 8.603 8.552 -0.6%
EUR 1.154 1.150 -0.3%
NOK 13.434 11.948 -12.4%
SEK 13.225 12.578 -5.1%
USD 1.241 1.174 -5.7%

 

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