General Ledger - EBS (MOSC)

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MXN Currency Rates -2 daily rates for each effective date

edited Feb 12, 2017 4:01AM in General Ledger - EBS (MOSC) 1 commentAnswered

Hi - For MXN Currency Companies - There is a published rate (FIX Rate) and a Transaction rate (For Payment Rate) published by Banco De Mexico.

'FIX' Rate for translation of USD JE's into MXN and 'For Payment Rate' to translate USD Vouchers and Invoices.

Has anyone ever had a need to have both these rates in the P0015A for USD to MXN loaded for each day.

Effectively having 2 daily rates for the MXN Currency Code.

Per our Accounting Dept this is a US GAAP requirement for our JDE MXN Currency Companies which process transaction in Detailed Currency Restatement.

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