explain to me how the consolidated exchange rates are calculated

AI generated answer (using internal Slack threads):

****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ****** Consolidated exchange rates in NetSuite are used for consolidated reporting of subsidiaries with different base currencies. If the base currency of all subsidiaries is the same, the translation rate will always be 1 for consolidated exchange rates, and no calculation is required. However, it's important to note that consolidated exchange rates are different from revaluations. Revaluation is the process of marking your foreign-denominated balances to the base currency rate as of the end of the month. For example, if you posted a 1,000 EUR invoice at a rate of 1.1 on 15th of the month and the month-end rate is 1.2, it will post a revaluation entry of 0.1 x 1000. When it comes to reports, the Consolidated Exchange Rate used in a Balance Sheet will be the latest month you're running the report for and it will apply that rate to all months. It's not "smart" enough to apply the individual rates for each month. Also, the "general rate type" setting on the account determines what happens when you change the consolidated exchange rates. If you change the average consolidated exchange rate, the report will show something different. If you change the historical consolidated exchange rate, the report will show something different. If you change the current consolidated exchange rate, nothing happens in the report. For more detailed understanding, you can refer to courses on SaltoLeap or articles like this one: https://meir.prolecto.com/2022/11/21/netsuite-currency-translation-ii/.