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Consolidate Exchange Rate is not equal to 1
Hello,
I have the following subsidiaries with respective base currencies.
Grandparent - USD
Parent - SGD
Child - USD
Child to Grandparent consolidated exchange rates is derived.
If there are transactions for all these subsidiaries, the average consol rate derived for Child to parent is supposedly 1 but the system shows 1.00043818.
May I know why it is not exactly 1? These decimals even if not that much will still have an impact in the CTA.
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