Exchange Rate and Conversion Factor updated - Revaluation Incorrect value

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Posted on by chandrasekar V

Hi Team,

Please be informed that i have updated the Exchange rate and factor details as below, when i am Run the "FOREIGN CURRENCY REVALUATION" i am getting two different result.

Example 1:

Transaction value = 432.95 USD

Exchange Rate = 4.187 MYR

Conversion factor = 1

Revaluation Value = 1812.76 MYR

Whereas, the Exchange Rate filed showing as "418.70" in the Report.

Example 2:

Transaction Value = 221,000.00 IDR

Exchange Rate = 0.0294 MYR for 100IDR

Conversion Factor = 100.

Revaluation Value = 64.97

Here, Revaluation Value is incorrect. It should be 6497.4 MYR.

Could you please advice on the both examples, why?

Example 1 - Showing as "418.70" Exchange Rate.

Example 2 - Revaluation value is 64.97 MYR.

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Rahul Mohta 21,042 on at

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1. is using calculation of

Transaction value = 432.95 USD X Exchange Rate = 4.187 MYR divide by Conversion factor = 1 = Revaluation Value = 1812.76 MYR

2. is using conversion factor 100 hence the diff

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chandrasekar V 20 on at

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Thank you for your quick response for Example 2... can you please advice on the Example 1...

** Whereas, the Exchange Rate filed showing as "418.70" in the Report.** - Required Resolution for this.

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MATTGUO 22,349 Moderator on at

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Hello,

Could you please share the screenshot of the transaction and the currency rate in GL?

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