Changes in underlying parameters
Changes in the underlying parameters primarily relate to the exchange rates used for currency translation and to the interest rates for determining defined benefit obligations.
The euro exchange rates of certain significant currencies changed as follows:
€ |
|
|
|
|
|
|---|---|---|---|---|---|
|
Rate at the reporting date |
Annual average rate |
|||
|
|
|
|
|
|
|
June 30, 2022 |
Dec. 31, 2021 |
June 30, 2021 |
H1 2022 |
H1 2021 |
100 Czech korunas (CZK) |
4.04139 |
4.02124 |
3.92280 |
4.04515 |
3.92724 |
100 Croatian kuna (HRK) |
13.27840 |
13.30760 |
13.34740 |
13.28860 |
13.33560 |
1,000 Hungarian forints (HUF) |
2.51566 |
2.70845 |
2.84443 |
2.51843 |
2.85699 |
100 Macedonian denars (MKD) |
1.62405 |
1.62339 |
1.62273 |
1.62386 |
1.62601 |
100 Polish zlotys (PLN) |
21.32330 |
21.75600 |
22.13050 |
21.51700 |
22.20540 |
1 U.S. dollar (USD) |
0.96219 |
0.88285 |
0.84076 |
0.94632 |
0.83050 |
The following key discount rates were used when calculating the present value of defined benefit obligations:
% |
|
|
|---|---|---|
|
June 30, 2022 |
Dec. 31, 2021 |
Germany |
3.22 |
1.18 |
United States |
4.91 |
3.05 |
Switzerland |
2.35 |
0.33 |