Editing Consolidated Exchange Rates

You can edit direct consolidated exchange rates for periods that are not closed. Direct rates are those between child and parent subsidiaries. Indirect rates, also known as implied rates, between subsidiaries more than one hierarchical level removed from each other cannot be edited.

You cannot edit rates for elimination subsidiaries.

Your user role must have the Currency permission with Full permission level to work with consolidated exchange rates.

If the Calculate column has a calculator icon , the consolidated exchange rates can be modified. To change the values yourself, click the Edit link. (If you click the calculator icon, NetSuite automatically calculates the values.) On the Consolidated Exchange Rate page, you can change the following values:

Average Exchange Rate
Current Exchange Rate
Historical Exchange Rate

The Consolidated Exchange Rates page also supports inline editing. For information, see Using Inline Editing.

The following portion of the Consolidated Exchange Rates page shows the calculator icons and pencil icons for the rates you can edit.

Screenshot of portion of Consolidated Exchange Rates page showing Calculator and Pencil icons

In the account shown above, the rates from the European and Japanese subsidiaries to the US Parent Company subsidiary are indirect rates. The US Parent Elimination subsidiary and the US Parent Company have the same currency. You cannot edit the rates for elimination subsidiaries, even if the currencies differ.

You can edit a consolidated exchange rate between two subsidiaries only if you have access to both subsidiaries.

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