Translation Method for Consolidation of Foreign Subsidiary

An international company, XYZ Corp, operates in multiple countries and is required to consolidate its financial statements for reporting purposes. The company has subsidiaries in various locations, each using different currencies. The functional currency of the parent company is USD. When preparing consolidated financial statements, XYZ Corp must convert its foreign currency financial statements into USD. In this scenario, which translation method should XYZ Corp employ to properly reflect the financial statements of its subsidiaries in the consolidated statement?