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Praxair to Report Venezuela Results at SICAD II Exchange Rate

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DANBURY, Conn.--(BUSINESS WIRE)--Praxair, Inc. (NYSE:PX) announced that it will no longer use the Venezuelan government’s official exchange rate of 6.3 bolivars per U.S. dollar to translate the financial statements of its Venezuelan business. Effective December 31, 2014, the Company has adopted the Venezuelan government’s SICAD II currency exchange system rate of approximately 50 bolivars per U.S. dollar. As a result of the change, Praxair expects to record in its fourth-quarter 2014 results a

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