Yup agree - so on your last sentence "The company converts the payment from USD to AUD."
The timing of which we are unsure on. What I was getting at is who's to say that we converted from USD to AUD upon receipt of the payment, as opposed to holding it in a US denominated a/c till such time AUD dropped?
* PLS - $2.83 - by 31 Dec 21. Updated *, page-14
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