Translation Method for Multinational Operations

ABC Corporation is a global firm that operates in multiple countries, and its functional currency is the US dollar. The company has a subsidiary in Germany that reports its financial results in euros. At the end of the fiscal year, the financial statements of the German subsidiary need to be translated into US dollars for consolidation into the ABC Corporation's financial statements.

According to the CFA Institute's guidance on multinational operations, which of the following methods should ABC Corporation use to translate the financial statements of its German subsidiary?