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NetSuite Admin Tip | How to Verify the Computed Average Consolidated Exchange Rate

edited May 23, 2024 7:32PM in NetSuite Admin Corner

The success of multinational corporations is significantly influenced by exchange rates. Exchange rates enable countries to assess their currency values and facilitate cross-border transactions. Global businesses must understand how exchange rates work for effective operations.

These global and multi-subsidiary organizations are supported by NetSuite OneWorld. NetSuite contains a page of consolidated exchange rates at Lists > Accounting > Consolidated Exchange Rates. Consolidated exchange rates between the base currencies of each subsidiary and its parent or grandparent subsidiary for a specified accounting period are included on this page.

One type of consolidated exchange rate is the Average Rate. The Average Consolidated Exchange Rate

Clarisa De Torres | Ask a Guru

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