Currency translation rates

12 Months Ended

Dec. 31, 2024

Foreign Exchange Rates [Line Items]

Currency translation rates

Note 32 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

31.12.24

31.12.23

31.12.24

31.12.23

31.12.22

1 CHF

1.10

1.19

1.13

1.12

1.05

1 EUR

1.04

1.10

1.08

1.08

1.05

1 GBP

1.25

1.28

1.28

1.25

1.23

100 JPY

0.63

0.71

0.66

0.70

0.76

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. Weighted average rates for individual business

divisions may deviate from the weighted average rates for the Group.