Introduction: Most nations abandoned the fixed exchange rate system following the breakdown of the Bretton Woods system in the 1970s. They adopted the floating exchange rate system, in which the value of foreign exchange is determined by supply and demand (Ariff and Zarei (2022). Where the central bank's management function is minimal. Investors, business managers, and shareholders are now concerned about changes in currency and exchange rates (Min and Yang, 2019). Since 2011, Egypt has experienced several local crises that have had a significant impact on the country's economic and financial situation. These crises have resulted in a decline in foreign exchange reserves, a shortage of foreign currency liquidity on the Egyptian market, and an increase in transactions in the unofficial parallel foreign currency markets. The Egyptian government decided to liberalize the foreign currency exchange rate on November 3, 2016, which entails letting supply and demand determine the exchange rate. Due to all of this, on May 25, 2022, Prime Minister's Decision No. (1568) of 2022 was issued, requiring the addition of Appendix No. (B) of the Egyptian Accounting Standard No. (13) to provide a particular accounting approach to address the consequences of fluctuating foreign exchange values. This enables an entity to recognize the differences in the debit currency resulting from the translation of these obligations on the date of moving the exchange rate if it has outstanding obligations in foreign currency linked to fixed assets, real estate investments, and intangible assets (aside from goodwill) and exploration assets acquired during the period from the beginning of January 2020 until the date of moving the exchange rate, lowering the price of these assets by liberalizing the exchange rate.( Mahmood,2023).