NDAQ » Topics » Foreign Currency Exchange Rate Risk

This excerpt taken from the NDAQ 10-K filed Feb 27, 2009.

Foreign Currency Exchange Rate Risk

 

As an international company, we are subject to currency translation risk. Some of our assets, liabilities, revenues and expenses are denominated in Swedish Krona, Euro and Danish Krone. Assets, liabilities, revenues and expenses of foreign subsidiaries are generally denominated in the local functional currency of such subsidiaries.

 

Our primary exposure to foreign denominated earnings for the year ended December 31, 2008 is presented by foreign currency in the following table:

 

     Swedish
Krona
   Euro    Danish
Krone
     (in millions, except currency rate)

Average foreign currency rate to the U.S. dollar in 2008

     0.1516      1.4712      0.1963

Average foreign currency rate to the U.S. dollar in 2007

     0.1480      1.3709      0.1837

Foreign denominated operating income

   $ 9.9    $ 119.9    $ 12.1

Impact of the currency fluctuations(1)

   $ 0.1    $ 12.0    $ 0.2

 

(1)

Represents the impact of currency fluctuations for the year ended December 31, 2008 compared to the same period in 2007.

 

This excerpt taken from the NDAQ 10-Q filed Nov 7, 2008.

Foreign Currency Exchange Rate Risk

As an international company, we are subject to currency translation risk. Some of our assets, liabilities, revenues and expenses are denominated in Swedish and Danish Krona and Euro. Assets, liabilities, revenues and expenses of foreign subsidiaries are generally denominated in the local functional currency of such subsidiaries.

Our primary exposure to foreign denominated earnings for the nine months ended September 30, 2008 is presented by foreign currency in the following table:

 

     Swedish
Krona
    Euro    Danish
Krona
     (in millions, except currency rate)

Average foreign currency rate to the U.S. dollar in the first nine months of 2008

     0.1633       1.5370      0.2059

Average foreign currency rate to the U.S. dollar in the first nine months of 2007

     0.1464       1.3561      0.1822

Foreign denominated operating income

   $ (11.9 )   $ 72.4    $ 8.7

Impact of the currency fluctuations(1)

   $ (0.2 )   $ 13.1    $ 0.2

 

(1)

Represents the impact of currency fluctuations for the nine months ended September 30, 2008 compared to the same period in 2007.

Our significant exposure to net investments in foreign currencies is presented below:

This excerpt taken from the NDAQ 10-Q filed Aug 8, 2008.

Foreign Currency Exchange Rate Risk

As an international company, we are subject to currency translation risk. Some of our assets, liabilities, revenues and expenses are denominated in Swedish, Danish and Icelandic Krona and Euro. Assets, liabilities, revenues and expenses of foreign subsidiaries are generally denominated in the local functional currency of such subsidiaries.

Our primary exposure to foreign denominated earnings for the three months ended June 30, 2008 is presented by foreign currency in the following table:

 

     Swedish
Krona
    Euro    Danish
Krona
   Icelandic
Krona
     (in millions, except currency rate)

Average foreign currency rate to the U.S. dollar second quarter 2008

     0.1671       1.5623      0.2095      0.0131

Average foreign currency rate to the U.S. dollar in second quarter 2007

     0.1457       1.3478      0.1810      0.0157

Foreign denominated operating income

   $ (3.3 )   $ 35.6    $ 3.2    $ 3.4

Impact of the currency fluctuations(1)

   $ (0.1 )   $ 7.6    $ 0.1    $ —  

 

(1)

Represents the impact of currency fluctuations for the three months ended June 30, 2008 compared to the same period in 2007.

Our significant exposure to net investments in foreign currencies is presented below:

This excerpt taken from the NDAQ 10-Q filed May 9, 2008.

Foreign Currency Exchange Rate Risk

As an international company, we are subject to currency translation risk. Some of our assets, liabilities, revenues and expenses are denominated in Swedish, Danish and Icelandic Krona and Euro. Assets, liabilities, revenues and expenses of foreign subsidiaries are generally denominated in the local functional currency of such subsidiaries.

 

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Table of Contents

Our primary exposure to foreign denominated earnings for the three months ended March 31, 2008 is presented by foreign currency in the following table:

 

     Swedish
Krona
   Euro    Danish
Krona
   Icelandic
Krona
     (in millions, except currency rate)

Average foreign currency rate to the U.S. dollar in first quarter of 2008

     0.165      1.5808      0.2120      0.0138

Average foreign currency rate to the U.S. dollar in first quarter of 2007

     0.1424      1.3243      0.1778      0.0149

Foreign denominated operating income (1)

   $ 3.4    $ 6.3    $ 0.4    $ 0.9

Impact of the currency fluctuations

   $ 0.1    $ 1.6    $ 0.0    $ 0.0

 

(1)

Represents the impact of currency fluctuations for March 31, 2008 compared to the same period in 2007.

Our significant exposure to net investments in foreign currencies is presented below:

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