On 2 January 2024, Accounting and Auditing Regulator (ACAR) issued Notification 0001/24 on exchange rate used in 2023 financial statements.

Exchange rate as of 31 December 2023 (closing rate) is 4,085 Riels per USD.

Average exchange rate for 2023 (average rate) is 4,110 Riels per USD.

IAS 21 address to how to translate financial statements into a presentation currency. Translation from the functional currency to the presentation currency as followed:

• assets and liabilities for each balance sheet presented (including comparatives) are translated at the closing rate at the date of that balance sheet;
• income and expenses for each income statement (including comparatives) are translated at exchange rates at the dates of the transactions;
• and all resulting exchange differences are recognised in other comprehensive income.