Triangulation currency

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Posted on by Community member

Hi experts,

I use triangulation currency function and I use USD as a reference currency, I have a company in UAE (AED currency) where the accounting currency is USD but reporting currency is SAR, when I post an invoice in AED it convert to the correct USD rate but wrong reporting rate! am I missing something or am I using the wrong set up?

Domination currency

3.751 SAR for 1 USD

Currency exchange rates:

0.2 USD for 1 AED

Invoice posting:

1 AED

Exchange rate= 0.2

Reporting currency fixed exchange rate = 5

The reporting rate should be : 0.2 x 3.751 = 0.7502

Am I right?