An Exception to the Requirement That Foreign Currency Monetary Items

An exception to the requirement that foreign currency monetary items should be re-translated at the reporting date is:

A) when the foreign exchange rate is considered to be undervalued.
B) when the foreign currency exchange rate is fixed for a particular transaction according to a contractual arrangement.
C) when exchange rates are expected to move in the opposite direction shortly after reporting date.
D) when the foreign exchange rate is considered to be overvalued.