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Exchange rate used in Foreign currency Mass Allocations

edited Oct 8, 2009 7:27AM in General Ledger - EBS (MOSC) 8 commentsAnswered
Hi,

I would like to know what exchange rate will be used in calculating Mass allocation formula when single Entered(Foreign) currency setup formula is used.

We have corporate rate and Daily average rates setup in GL.

As per user guide ''If you choose a foreign currency with a fixed relationship

to your functional currency, the conversion rate used to calculate

the accounted amount will be the fixed conversion factor

between the transaction and functional currencies'.

What is the fixed conversion factor. Please advice

Thanks

Murali

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