^I got a little confused in that, but are you saying that the forcasts were based on a poorer exchange rate than it turned out to be, which means the fiscal reports should show better profits [or loss] than they would have?
How do the companies actually get their money anyway? I mean obviously the revenue stream must be pretty constant, but in terms of how much it is worth, as you noted there per quarter it changes... but does that mean that the fiscal report isn't entirely accurate (ie if the rate is good at the end of the year, but poor for the first 3 quarters then surely they made less money than the report indicates)
OR is the money not really "counted" until the end of the FY... in which case the report is accurate, and it is essentially as if they held the overseas revenue until the end of the year and then sent it hypothetically "in bulk" at a single exchange rate. This would then mean a chunk of a companies profit could be wiped if the rate is poor at the end of the FY though.
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Edit.... ah... you second post clarfiies... I saw the words "average exchange rate" in there, which makes much more sense.
