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Why are Historical, current, and average rates the same for Consolidate Exchange Rates?
Hello - we are trying to understand why consolidate exchange rates are the same every period for one of our UK subsidiaries:
As you can see below:
From Subsidiary: UK (GBP)
To Subsidiary: Consolidated (USD)
All rates are 1.115655.
The rates change every period, but they are all 3 the same. We do have foreign transactions under the UK subsidiary, so we don't understand why this is happening. What is strange is that it has been happening since Jan 2022. In 2021, they were all different.
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