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Exchange rates for the first quarter of 2022

UPDATED MON, 04 Apr, 2022 15:30 CET

Exchange rates for the first quarter of 2022

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 negative impact on Gross winnings revenue of approximately 4 per cent in the first quarter of 2022 compared to the same period of 2021.  

Balance sheet rates:      
Rate to GBP  31-Mar-22 31-Mar-21 YoY Delta
AUD 1.753 1.809 3.1%
DKK 8.792 8.728 -0.7%
EUR 1.182 1.174 -0.7%
NOK 11.479 11.731 2.1%
SEK 12.219 12.016 -1.7%
USD 1.312 1.376 4.7%

 

Income statement averages for the quarter:      
Rate to GBP  Avg Q1 212 Avg Q1 21 YoY Delta
AUD 1.852 1.785 -3.8%
DKK 8.896 8.509 -4.5%
EUR 1.196 1.144 -4.5%
NOK 11.866 11.738 -1.1%
SEK 12.531 11.577 -8.2%
USD 1.341 1.379 2.8%
 

 

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