MAKUHARI, Japan, Oct 22 (Reuters) - Japanese auto maker Mitsubishi Motors Corp President Rolf Eckrodt said on Wednesday the auto maker has adjusted its dollar assumption rate to 110 yen from the previous 120 yen.
Asked what effect currency movements have had on its earnings, Eckrodt told Reuters in an interview: "We, as a global player, are not affected much because the strong euro has balanced (the dollar's fall) a little bit, creating some balance.
"But of course, we would be much happier with 120 yen (to the dollar) than 110, but we adjusted our planning to 110 (for the October-March period) and we have to see what happens," he said.
The auto maker, owned 37 percent by Germany's DaimlerChrysler , had lowered its half-year and full-year forecasts in July due to losses in its North American finance arm. At the time, it had kept its dollar assumption rate for the year at 120 yen.
The dollar's sharp fall in the past two months also prompted rival Nissan Motor Co to change its dollar assumption rate recently for the second half of the business year to 110 yen.