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Exchange rates for the third quarter of 2022

UPDATED MON, 03 October, 2022 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 impact of GBP against the Kindred Group’s main currencies was a negative impact on Gross winnings revenue of approximately 1 per cent in the second quarter of 2022 compared to the same period of 2021.

Balance sheet rates:      
Rate to GBP  30-sep-22 30-sep-21 YoY Delta
AUD 1.707 1.870 8.7%
DKK 8.422 8.641 2.5%
EUR 1.133 1.162 2.5%
NOK 11.986 11.812 -1.5%
SEK 12.343 11.816 -4.5%
USD 1.104 1.346 18.0%

 

Income statement averages for the quarter:      
Rate to GBP  Avg Q3 22 Avg Q3 21 YoY Delta
AUD 1.721 1.876 8.3%
DKK 8.691 8.695 0.0%
EUR 1.168 1.169 0.1%
NOK 11.744 12.075 2.7%
SEK 12.402 11.920 -4.0%
USD 1.177 1.378 14.6%
 

 

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