Cfa L2 volume 4 pg no 99 , questions 30, why we take avg value GPI for invention calculation.
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Because Revenue is converted at the average rate.
Kindly refer Example of the CFA Institute Core
EXAMPLE 7
Translation of Foreign Currency Financial Statements of a
Foreign Entity Operating in a High Inflation Country
Why it is avg. For high inflation country inflation index will be converted to current rate from historical fig. Then price with it. But in that sum, we have taken avg to current for inflation index.