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Intercompany FX Rates: FX rate isn’t the same for the same pair of currencies
For some reason depending on which entity we look at the FX rate isn’t the same for the same pair of currencies as per below.
This is causing intercompany differences.
When we consolidate the transactions in GBP, we’re reliant on the system to translate that at a consistent rate and we do not have control over the rate is being consolidated at.
However, the base currency rate is not consistent across entities resulting in intercompany differences.
Can anyone offer any advise or a fix for this please?
Thank you.
Many thanks
Nickoletta
0