Unrealized FX gain or loss
In accounting, unrealized FX gain or loss means the exchange difference on an open foreign-currency monetary item at period end, recognized in the P&L and reversed or carried forward until settlement.
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This definition follows ASC 830-20-35-1.
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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 an unrealized FX revaluationAt each month-end, remeasure open foreign-currency receivables and payables at the closing rate: debit the receivable and credit Foreign exchange gain when the dollar value has risen, or the reverse for a loss. The gain is unrealized until the item settles.Entry
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