UPDATED MON, 02 January, 2023 08:30 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 positive impact on Gross winnings revenue of approximately 1 per cent in the fourth quarter of 2022 compared to the same period of 2021.
| Balance sheet rates: | |||
| Rate to GBP | 31-Dec-22 | 31-Dec-21 | YoY Delta |
| AUD | 1.769 | 1.858 | 4.8% |
| DKK | 8.385 | 8.850 | 5.3% |
| EUR | 1.127 | 1.190 | 5.3% |
| NOK | 11.854 | 11.887 | 0.3% |
| SEK | 12.540 | 12.199 | -2.8% |
| USD | 1.203 | 1.348 | 10.8% |
| Income statement averages for the quarter: | |||
| Rate to GBP |
Avg Q4 22 | Avg Q4 21 | YoY Delta |
| AUD | 1.787 | 1.851 | 3.5% |
| DKK | 8.552 | 8.772 | 2.5% |
| EUR | 1.150 | 1.179 | 2.5% |
| NOK | 11.948 | 11.765 | -1.6% |
| SEK | 12.578 | 11.946 | -5.3% |
| USD | 1.174 | 1.349 | 13.0% |
