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what is the impact of FX Rates on Future Dated Invoices

in Payables, Payments & Cash Management 1 comment

Summary:

Impact on loading future dated FX rates on MPA (Future dated invoices)

Content (please ensure you mask any confidential information):

The client wants to load current dates fx rates for a few months in advance. Is there any impact of these future dates on transactions like Multi Period Accounting ?

Example :
FX Daily Rate from XE.com - Jul 5 2024 : USD to CAD =.7503
Client wants to populate this as the daily rate from Jul 5 to Sep 30 2024

FX Daily Rate - July 6 : USD to CAD = .7604
Client wants to use .7604 from July 6 to Sep 30 2024

Fx Daily Rate - Aug 1 : USD to CAD = .7912
Client wants to use .7912 from Aug 1 to Oct 31

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