Kindred Group: Exchange rates for the second quarter of 2020
The net foreign exchange impact of the Kindred Group's main trading currencies against its reporting currency of GBP is shown in the tables below. While this has no material impact on the underlying development of the Kindred Group's business, it does affect the reported results when translated into GBP.
The weighted average impact of GBP against the Kindred Group's main currencies was a positive impact on Gross winnings revenue of less than 1 per cent in the second quarter of 2020 compared to the same period of 2019.
Balance sheet rates:
Rate to GBP 30-Jun-20 30-Jun-19 YoY Delta
USD 1.227 1.269 3.3%
SEK 11.502 11.782 2.4%
NOK 11.959 10.812 -10.6%
EUR 1.096 1.115 1.7%
DKK 8.168 8.325 1.9%
AUD 1.791 1.812 1.2%
Income statement
averages for the
quarter:
Rate to GBP Avg Q2 20 Avg Q2 19 YoY Delta
USD 1.241 1.286 3.5%
SEK 12.025 12.144 1.0%
NOK 12.430 11.113 -11.9%
EUR 1.128 1.144 1.4%
DKK 8.412 8.542 1.5%
AUD 1.893 1.836 -3.1%
This information is such that Kindred Group plc is required to disclose under the EU Regulation of Market Abuse, MAR.