0404023 Informal Interpretation

us-ftc-hsr-informal-interpretations-50b46db0058cb70420b0e6735d2954320404023 Informal InterpretationGuidance

Open source
Date
Rule
802.50, 802.51
Staff
Michael Verne
Response/Comments
Use the average exchange rate for the period.

Question

From:(redacted)
Sent.Wednesday, April 28, 2004 12:22 PM
To:Verne, B. Michael
Subject: Currencyconversion

Do you have an established procedurefor converting foreign currencies to dollars for purposes of applying rules802.50 and 802.51? Or can the party select any reasonable methodology fordetermining whether the sales in or into the US during a particular (typically one-year) period exceeded$50 million?


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