Nishant1

I see the reasoning for this…
All Assets and Liabilities are translated at the Current Rate. Since Equity as a whole = Assets - Liabilities - It must be as a whole translated at the Current Rate.
Otherwise the numbers would not match.
Now Equity (Current Rate) = Common Stock (Historical) + RE End + CTA Adjustment.
RE End = RE Begin + NI (Average Rate) - Dividends
RE Begin and Dividends must be provided in the Local Currency, otherwise they are assumed to be 0.