Currency translation rates

12 Months Ended

Dec. 31, 2023

Foreign Exchange Rates [Line Items]

Disclosure Of Effect Of Changes In Foreign Exchange Rates Explanatory

Note 33 Currency translation rates 

The following table shows the rates of the main currencies used to translate the financial information of UBS’s operations

with a functional currency other than the US dollar into US dollars.

Closing exchange rate

Average rate

1

As of

For the year ended

31.12.23

31.12.22

31.12.23

31.12.22

31.12.21

1 CHF

1.19

1.08

1.12

1.05

1.09

1 EUR

1.10

1.07

1.08

1.05

1.18

1 GBP

1.28

1.21

1.25

1.23

1.37

100 JPY

0.71

0.76

0.70

0.76

0.91

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 year represent an average of

twelve 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 full

year 2023 consider income and expenses from Credit Suisse’s operations generated since UBS’s acquisition of the Credit Suisse Group. Weighted average rates for individual business divisions may deviate from the

weighted average rates for the Group.