Under the U.S. dollar unit of measure approach, monetary accounts are always translated at the current exchange rate.

Name: Under the U.S. dollar unit of measure approach, monetary accounts are always translated at the current exchange rate.
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Under the U.S. dollar unit of measure approach, all monetary accounts are translated at the current exchange rate. This is because the U.S. dollar is the functional currency of the reporting entity, and all other currencies are considered to be foreign currencies.