Use of currency rate
Within BSU the local currency for partners will always be either USD or EUR – defined by the
currency in which the BSU bank account is held in. Only USD or EUR is optional.
When preparing the annual accounts the specified exchange rate at time of the actual transfer will
be used to calculate local currency in DKK.
e.g.
1 Transfer during the year:
Transfer in DKK
Local currency (USD)
Actual rate
1.100.000
200.000
5,50
The calculated the exchange rate to apply to is 1 USD is equal to 5,50 DKK. This given rate must
be used in the given annual accounts.
More than 1 transfer during the year:
Transfer in DKK
1.100.000
1.100.000
500.000
Local currency (USD)
200.000
215.000
90.000
Actual rate
5,50
5,12
5,56
Total
2.700.000
505.000
5,35
The calculated the exchange rate to apply to is 1 USD is equal to 5,35 DKK. This given rate must
be used in the given annual accounts.