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How does payment timing effect currency rate selection?

in Payables, Payments & Cash Management

Summary: We're looking into setting-up multi-currency payments in our Oracle Cloud. Could you please advise the effects of late payments on the daily spot rate? Will Oracle try to use the next day's spot rate? Will there be a cumulative translation adjustment (CTA) in the system?


Content (required): Oracle ERP Cloud


Version (include the version you are using, if applicable): 23B Prod, 23C Dev/Test


Code Snippet (add any code snippets that support your topic, if applicable): N/A

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