We use a consolidation entity to consolidate legal entities into one. For balance sheet accounts, we use the end of month rate, and for P&L accounts, we use the average month rate. After running the consolidation, we run the foreign currency revaluation for balance sheet accounts. We wouldn't expect any gains/losses since the transactions should already be translated with the "correct" rate. However, we still encounter quite a few gain/loss transactions after running the foreign currency revaluation.
Could anyone advise why this is happening?