Realized FX gain or loss
In accounting, realized FX gain or loss means the exchange difference crystallized when a foreign-currency item is settled — settlement-date rate versus the rate it was last carried at.
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This definition follows ASC 830-20-35-1.
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- FX adjustment
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- Realized FX gain or loss vs unrealized FX gain or lossA realized FX gain or loss is locked in when a foreign-currency item is settled; an unrealized one is the paper change in an item still open at a balance-sheet date — both go through the P&L under ASC 830.Compare
- Journal entry for a realized foreign exchange gain or lossBook a foreign-currency invoice at the rate on the invoice date. When it is collected at a different rate, debit Cash for the dollars received, credit Accounts receivable for the dollars originally booked, and book the difference as a realized foreign exchange gain or loss.Entry
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