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Two different rates for the same reporting currency

edited Jul 16, 2019 5:02PM in Financial Consolidation and Close 1 comment

Summary

Two different rates for the same reporting currency

Content

Dear all,

I'm trying to figure out if it is possible to have to different rates for the same reporting currency.

All the entities have USD as Entity Currency so translation is not needed during the consolidation process. However, the client wants to see translated report in the local currency using Reporting Currencies.

The problem comes with the Argentine sub, where by regulation assets should be translated using "ARS Ask Rate" and liabilities using "ARS Bid Rate". Currently, the information we have in the ARS End Rate is the Ask.

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