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Notes to the financial statements
7.7 Functional currency, presentation currency and foreign currency translation    
The following exchange rates were used in the valuation of items of the statement of financial position:
NBP’s mid rate quoted for:December 31st 2017(1)December 31st 2016(2)
USD3.4813 4.1793 
EUR4.1709 4.424 
NOK0.4239 0.4868 
(1) NBP’s mid rates table, effective for December 31st 2017.
(1) NBP’s mid rates table, effective for December 31st 2016.
 
The following exchange rates were used in the valuation of items of the statement of comprehensive income:
NBP’s average mid rate for the reporting period2017(1)2016(2)
USD3.7439 3.7439 
EUR4.2447 4.2447 
NOK0.4538 0.4538 
(1) Based on the arithmetic mean of the mid rates quoted by the NBP for the last day of each full month in the period January 1st–December 31st 2017.
(2) Based on the arithmetic mean of the mid rates quoted by the NBP for the last day of each full month in the period January 1st–December 31st 2016.
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