Anyone know why currency exchange rates uploaded t...
# accounting
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Anyone know why currency exchange rates uploaded to NetSuite from Thomson Reuters are not equal in inverse direction? For example, today EUR/USD rate is 0.9064. Based on this, it would be expected that USD/EUR exchange rate would be 1/0.9064 = 1.1033. But NS is showing that rate as 1.1038. Does this difference in exchange rates is driven by really different sell/buy rates on the market, i.e. depending on which currency is being sold and which one is being purchased, or it is a matter of some system settings?