Exchange rates for the third quarter of 2017
The net foreign exchange impact of the Kindred Group’s main trading currencies against its reporting currency of GBP is shown in the tables below. While this has no material impact on the underlying development in Kindred Group’s business, it does affect the reported results when translated into GBP. The weighted average impact of GBP against Kindred Group’s main currencies was a positive impact on Gross winnings revenue of approximately 4 - 5 per cent in the third quarter of 2017 compared to the same period of 2016. Balancesheetrates:Rate to 30-Sep-16 30-Sep-17