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Foreign currency translation is essentially the process of converting financial figures or transactions from one currency to another, usually for reporting or compliance purposes. It’s a big deal for companies operating globally because exchange rates fluctuate and impact the financial data presented to stakeholders. For traders and businesses, clear and accurate translations ensure transparency and trust. This is where Forex translation services become a game-changer. Take HQ Language Services, for example—they specialize in translating financial statements, trade reports, and even compliance documents with precision.