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NetSuite Admin Tip | How to Verify the Computed Average Consolidated Exchange Rate
The success of multinational corporations is significantly influenced by exchange rates. Exchange rates enable countries to assess their currency values and facilitate cross-border transactions. Global businesses must understand how exchange rates work for effective operations.
These global and multi-subsidiary organizations are supported by NetSuite OneWorld. NetSuite contains a page of consolidated exchange rates at Lists > Accounting > Consolidated Exchange Rates. Consolidated exchange rates between the base currencies of each subsidiary and its parent or grandparent subsidiary for a specified accounting period are included on this page.
One type of consolidated exchange rate is the Average Rate. The Average Consolidated Exchange Rate
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