Looking for information on how the consolidated ex...
# accounting
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Looking for information on how the consolidated exchange rates are calculated - I believe NetSuite uses Morning Star, and we're trying to convince our finance team to use the same for Hyperion so our exchnage rates are in sync, however, COO just came back to me and told me as she understands, NetSuite only calculates the average of the daily rates utilized for transactions during the month. So if an entity only had one transaction during the month, that days rate would end up being the monthly avg rate. --- is this correct?? This sounds bogus