If the functional currency of a foreign subsidiary is the currency of the country where the subsidiary is located, FASB 52 stipulates:

		the U.S. MNC must use the temporal method to calculate translation exposure.
		the U.S. MNC must use the current rate method to calculate translation exposure.
		the U.S. MNC may choose between the temporal method & the current rate method to calculate translation exposure.
		the U.S. MNC must use the monetary/nonmonetary method to calculate translation exposure.
		nothing about calculating translation exposure.