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0404023 Informal Interpretation
us-ftc-hsr-informal-interpretations-50b46db0058cb70420b0e6735d2954320404023 Informal InterpretationGuidance
Date
Rule
802.50, 802.51
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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