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Basis of accounting (Tables) | 6 Months Ended
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Jun. 30, 2023
Foreign Exchange Rates [Line Items] |
Currency translation rates | Closing exchange rate Average rate 1 As of For the quarter ended Year-to-date 30.6.23 31.3.23 31.12.22 30.6.22 30.6.23 31.3.23 30.6.22 30.6.23 30.6.22 1 CHF 1.12 1.09 1.08 1.05 1.11 1.08 1.04 1.11 1.06 1 EUR 1.09 1.08 1.07 1.05 1.09 1.08 1.06 1.09 1.09 1 GBP 1.27 1.23 1.21 1.22 1.27 1.22 1.25 1.24 1.29 100 JPY 0.69 0.75 0.76 0.74 0.71 0.75 0.76 0.73 0.80 1 Monthly income statement items of operations with a functional currency other than the US dollar are translated into US dollars using month-end rates. Disclosed average rates for a quarter represent an average of three month-end rates, weighted according to the income and expense volumes of all operations of the Group with the same functional currency for each month. Accordingly, the weighted average rates for the second quarter of 2023 and year-to-date June 2023 consider income and expenses from Credit Suisse’s operations generated since its acquisition by UBS. Weighted average rates for individual business divisions may deviate from the weighted average rates for the Group.

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