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Conversion Rates - Financial

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1. How is the rate of conversion factored in to gross revenues?

2. Is it an average or does it differ from country to country? 


(a) We are obligated contractually to accept the conversion rate at the day of payment for incoming & outgoing payments.

(b) It is illegal for us to withhold or speculate with monies that do not belong to us on the currency markets.

(c) Therefore, sometimes all of us benefit and sometimes we don't. I am sure you can appreciate the fact that in the world money markets today this fluctuates daily.

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