KION bills the bulk of its revenue in euros; the proportion was 63 per cent in 2012 (2011: 66 per cent). The remainder is billed in foreign currencies, notably the Chinese renminbi, pound sterling and the Brazilian real. The renminbi appreciated against the euro by around 10 per cent on average over the year. Pound sterling also increased on average over the year, whereas the Brazilian real depreciated significantly. Exchange-rate fluctuations had a positive, albeit insignificant, impact on KION overall.
|
Currencies |
|
| ||
|
Average rate per Euro |
2012 |
2011 | ||
| ||||
|
|
|
| ||
|
Australia (AUD) |
1.24 |
1.35 | ||
|
Brazil (BRL) |
2.51 |
2.33 | ||
|
Switzerland (CHF) |
1.21 |
1.23 | ||
|
China (CNY) |
8.11 |
9.00 | ||
|
United Kingdom (GBP) |
0.81 |
0.87 | ||
|
Russia (RUB) |
39.92 |
40.89 | ||
|
U.S.A. (USD) |
1.29 |
1.39 | ||
