Q2 Exchange rate impactsAs we await the 2021 Q2 results due to be released on the 16th, I was looking at the potential impact of the fluctuating Brazil Real to Canadian dollar exchange rates that will underpin the Canadian dollar reported results.
Here are the recently quoted exchange rates:
December 31, 2020 0.245
March 31, 2021 0.223
June 30, 2021 0.249
Q1 average 0.235
Q2 average 0.236
While the quarter end numbers have done a drop and recovery, the average exchange rate used for revenues and expenses has been essentially the same in both Q1 and Q2. So less of an issue on the P&L side.
Cheers,
S