Company: GCL
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069672
Chunk: 174

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 19
Chunk 174
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 with
ASC Topic 830-30, “ Translation of Financial Statement”, using the exchange rate on the balance sheet date. Revenues and expenses
are translated at average rates prevailing during the period. The gains and losses resulting from translation of financial statements
of foreign subsidiary are recorded as a separate component of accumulated other comprehensive income (loss) within the statements of change
in shareholders’ equity. Cash flows are also translated at average translation rates for the periods. Therefore, amounts reported
on the statement of cash flows will not necessarily agree with changes in the corresponding balances on the consolidated balance sheets.
Exchange rate presented below were quoted by the Federal Reserve of the United States.

F-10

GCL GLOBAL HOLDINGS LTD
AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Translation of foreign currencies into US$ 1 have
been made at the following exchange rates for the respective periods:

                                              As of and for the years ended                          
                                                                  March 31,                          
                                                                       2025                          
 ─────────────────────────────────────────────────────────────────────────────────────────────────────
  Period-end SGD: US$1 exchange rate                                 1.3445      1.3475      1.3294  
  Period-end HKD: US$1 exchange rate                                 7.7799      7.8259      7.8499  
  Period-end MYR: US$1 exchange rate                                 4.4365      4.7225      4.413   
  Period-end RMB: US$1 exchange rate                                 7.2567      -           -       
  Period-end BRL: US$1 exchange rate                                 5.7405      -           -       
  Period-end AED: US$1 exchange rate                                 3.6730      -           -       
  Period-average SGD: US$1 exchange rate                             1.3380      1.3447      1.3739  
  Period-average HKD: US$1 exchange rate                             7.7930      7.8246      7.8389  
  Period-average MYR: US$1 exchange rate                             4.5067      4.6409      4.4467  
  Period-average RMB: US$1 exchange rate                             7.2163      -           -       
  Period-average BRL: US$1 exchange rate                             5.6071      -           -