Exchange rates for the fourth quarter of 2020
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 impact of GBP against the Kindred Group’s main currencies was a positive impact on Gross winnings revenue of just under 4 percent in the fourth quarter of 2020 compared to the same period of 2019.
|Balance sheet rates:|
|Rate to GBP||31-dec-20||31-dec-19||YoY Delta|
|Income statement averages for the quarter:|
|Rate to GBP||Avg Q4 20||Avg Q4 19||YoY Delta|