Discussions

Check out Oracle NetSuite upcoming events and conferences here
Now is the time to ask your NetSuite-savvy friends and colleagues to join the NetSuite Support Community! Refer now! Click here to watch and learn more!
Update your Profile with your Support type to get your Support Type badge.
Expand your NetSuite knowledge by joining our Ask A Guru Live sessions. RSVP on this event now.
Get ready to take on exciting new challenges and become the next SuiteMaster of the Month!
AI capabilities embedded across the suite help boost productivity and give leaders an edge by helping them analyze data faster and generate unique insights that drive better decision-making. Watch these on-demand webinars to see how our AI capabilities can help you.

Streamline Invoice Processing with AI-Powered Automation

Use AI-Driven Insights for Faster, Better Planning and Forecasting

Current, Average and Historical Consolidated Exchange Rates are the Same

edited Aug 21, 2023 7:05AM in NetSuite Admin Corner 1 comment

According to SuiteAnswers 7734 || Consolidated Exchange Rates,

If you use NetSuite OneWorld and have multiple base currencies, NetSuite maintains a page of consolidated exchange rates at Lists > Accounting > Consolidated Exchange Rates. Consolidated exchange rates ensure that currency amounts translate properly from child to parent subsidiaries for consolidated reports. The page includes consolidated exchange rates between the base currencies of each subsidiary and its parent or grandparent subsidiary for a specified accounting period.

As further discussed in SuiteAnswers 7728 || Consolidated Exchange Rate Types,

The Consolidated Exchange Rates table includes three consolidated exchange rate types. Current, Average, and Historical.


Average – The weighted average of the currency exchange rates for all transactions posted during the period to accounts with a rate type of Average

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!

Leaderboard

Community Whiz

Quarter 3 (Jul-Sep 2024)

This Week's Leaders

This Month's Leaders

All Time Leaders