Question to List: Consolidation of Foreign Currency at Report Time

[Bruce McMillan]

No takers last time, I'll try to be more concise...

With Trading Accounts on, "Nearest in Time", when a Balance Sheet Report is
produced, is the effect of the exchange rate of the day on the Foreign
Currency Account not accounted for in Trading Gains/Losses, but rather
appears in Retained Earnings?

Said another way, does the Currency Trading Account only concern itself with
actual transactions and so does not include the virtual transaction that is
the consolidation of currencies at the time of the Balance Sheet Report?

Tks
bruce