2 Currency Translation
The exchange rates of the currencies relevant to the Vonovia Group have developed as follows:
Development of exchange rates of the currencies relevant to the Vonovia Group
Closing rate | Average for period | ||||||||
Basis: € 1 | Dec. 31, 2023 | Jun. 30, 2024 | Jan. 1–Jun. 30, 2023 | Jan. 1–Jun. 30, 2024 | |||||
SEK — Swedish krona | 11.10 | 11.36 | 11.33 | 11.39 | |||||
GBP — Great British pound* | – | 0.85 | – | 0.85 | |||||
CHF — Swiss franc** | – | 0.96 | – | 0.96 | |||||
USD — US dollar*** | 1.11 | – | 1.08 | – | |||||
- *Currency exchange rates for the Great British pound starting for the first time from 2024 due to the bond issues in GBP in 2024.
- **Currency exchange rates for the Swiss franc starting for the first time from 2024 due to the bond issue in CHF in 2024.
- ***Currency exchange rates for the US dollar until 2023 due to the repayment of the USD bonds.