Average March sea temperatures Monthly Alicante water temperature chart The bar chart below shows the average monthly sea temperatures at Alicante over the year.
An entity's functional currency is the currency of the primary economic environment in which that entity operates. The functional currency can be the dollar or a foreign currency depending on the facts. Normally, it will be the currency of the economic environment in which cash is generated and expended by the entity.An entity can be any form of operation, including a subsidiary, division, branch, or joint venture.he functional currency can be the dollar or a foreign currency depending on the facts. Normally, it will be the currency of the economic environment in which cash is generated and expended by the entity.
The same Standard defines presentation currency as âthe currency in which the financial statements are presentedâ. The functional currency is determined by looking at a number of relevant factors. This currency should be the currency in which an entity usually generates and spends cash.Functional currency should be the one in which the business transactions of an entity are normally denominated.All of the transactions which are not in the functional currency are treated as foreign transactions.n entity can present its financial statements in any currency. Usually they are presented in the functional currency; therefore usually the functional currency and the presentation currency is the same.