Artículo 12. IAS 21 Paragraph 12

When the above indicators are mixed and the functional currency is not obvious, management uses its judgement to determine the functional currency that most faithfully represents [ Refer: Conceptual Framework paragraphs 2.12 and 2.13 ] the economic effects of the underlying transactions, events and conditions. E1 As part of this approach, management gives priority to the primary indicators in paragraph 9 before considering the indicators in paragraphs 10 and 11 , which are designed to provide additional supporting evidence to determine an entity’s functional currency.