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% |
