Comp History: prior year USD allocation skewed based on current spot rate in another currency
Summary:
Is there a setting to "lock" a currency conversion of an element to a historic date?
Content (required):
We grant Long Term Incentive in USD, which is then converted to local currency as of spot rate on grant date.
Fast forward 5 years, when looking at comp history, the value of a historic grant is converted based on today's spot rate. Things may have changed in 5 years so that an award of $10,000 USD converted to local currency shows an inflated value if the currency value has fallen against USD.
USD INR example:
2018 grant $10,000 X 70.843561 = 708, 435 (value of the 2014 grant based on currency on that date)
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