Artículo 3. IAS 21 Paragraph 3

This Standard shall be applied: 1 (a) in accounting for transactions and balances in foreign currencies , except for those derivative transactions and balances that are within the scope of IFRS 9 Financial Instruments ; [ Refer: IFRS 9 paragraphs 2.1⁠–⁠2.7 and B2.1⁠–⁠B2.6 ] (b) in translating the results and financial position of foreign operations that are included in the financial statements of the entity by consolidation or the equity method; and (c) in translating an entity’s results and financial position into a presentation currency .