5.5.1 Features of Exchange Rate Validation

The goal of exchange rate validation is to ensure that exchange rates from all active currencies to all reporting currencies are available for processing in the OFSAA applications. Some of these rates can come from the validated direct input, others are calculated based on relationships with other rates. To support triangulation, all fixed exchange rates are available for all currencies that make up an exchange that needs to be triangulated. Also, a direct exchange rate between each Child currency and each reporting currency is calculated and supplied to support quick access to exchange rates. If a Child currency is a Reporting Currency, then Exchange Rates are calculated for all currencies having an exchange relationship with the Parent currency.