Managing Constant Currency for Projects Using a Dedicated Currency and Conversion Rate Types

Hello,We are currently assessing a standard design option in Oracle Fusion Cloud ERP / Project Financial Management to manage project amounts both in current currency and in constant currency, without custom development.The business requirement is to reproduce an existing project financial management mechanism where:

• Current currency represents nominal accounting, commitments, invoices and cash-related amounts.
• Constant currency represents amounts restated to a project reference economic date, used for budget monitoring and long-term project financial control.
• The expected process includes both:
  • converting current currency amounts into constant currency for committed and actual costs;
  • producing project financial views directly in constant currency.