−Removed: and Qualitative Disclosures about Market Risk
−Removed: manufacturing operations, including related assets, in Ireland denominated
−Removed: the EURO, and sells products under agreements denominated in various Western
−Removed: European currencies.
−Removed: The EURO and other currencies are subject to exchange
−Removed: fluctuations that are beyond the control of UTMD.
−Removed: The exchange rate was 0.7732
−Removed: EURO per USD as of March 31, 2005, and 0.8155 EURO per USD as of March 31,
−Removed: UTMD manages its foreign currency risk without separate hedging transactions
−Removed: converting currencies to USD as transactions occur.
+Added: Quantitative and Qualitative Disclosures about Market Risk
+Added: UTMD has manufacturing and trading operations, including related assets, in the U.S.
+Added: denominated in the U.S.
+Added: Dollar (USD), in Ireland denominated in the Euro (EUR), in England denominated in the British Pound (GBP), in Australia denominated in the Australia Dollar (AUD), and, starting in 2017, in Canada denominated in the Canadian Dollar (CAD).
+Added: The currencies are subject to exchange rate fluctuations that are beyond the control of UTMD.
+Added: The exchange rates were .8529, .8907 and .9169 EUR per USD as of September 30, 2020, December 31, 2019 and September 30, 2019, respectively.
+Added: Exchange rates were .7741, .7537 and .8129 GBP per USD as of September 30, 2020, December 31, 2019 and September 30, 2019, respectively.
+Added: Exchange rates were 1.3964, 1.4226 and 1.4823 AUD per USD on September 30, 2020, December 31, 2019, and September 30, 2019, respectively.
+Added: Exchange rates were 1.3323, 1.2962, and 1.3242 CAD per USD on September 30, 2020, December 31, 2019, and September 30, 2019, respectively.
+Added: UTMD manages its foreign currency risk without separate hedging transactions by either invoicing customers in the local currency where costs of production were incurred, by converting currencies as transactions occur, and by optimizing global account structures through liquidity management accounts.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.