The strategy of creating offsetting positions so that looses from currency fluctuations will be offset by grains resulting from the same fluctuations. The price of foreign currency, stated in terms of the domestic currency . AN item likely to appear in the income statements of american ?based exporters when foreign exchange rates are falling The organization responsible for developing uniform worldwideaccounting standards 75. payments made to foreign officials to expedite pap() * AN item likely to appear in the income statements of american ?based exporters when foreign exchange rates are rising of ? The process of restating an amount of foreign currency in terms of the equivalent number a. translating a currency b. loss on fluctuations in foreign exchange rates c. hedging d. None e. International Accounting Standards Board f. gain on fluctuations in foreign exchange rates g. future contracts h. Financial Accounting Standards Board i. exchange rate j. facilitating payments