Bank Account in MRC Ledger

we have EUR as functional currency.

We are facing a peculiar situation, wherein the MRC is setup at Sub Ledger level and therefore, the transactions are coming into GL Bank account at the rates Originally entered currencies.

EUR bank also deals in purchasing and selling Foreign currency, for payment and receipts from vendors, though the account is functional currency account. As the EUR is functional currency and the balance maintained in EUR Bank is EUR, there is no revaluation required on EUR Bank to be performed.

However, the entries going into Reporting Currency, which is USD, are at the transaction dates, as the MRC is setup at Sub-Ledger Level.