AnsweredAssumed Answered

How do you manage Currency fluctuations

Question asked by Jaymac on Jun 11, 2019
Latest reply on Aug 21, 2019 by Jaymac

HI,

 

I am curious to see how others manage currency fluctuations with their SLM setup's.

 

The majority of our Licensing is in Australian dollars, with the occasional foreign currency purchase.

 

I have Australian Dollars set as the Base currency and have Currency Rates for both USD and Euro set, but as these rates in the SMACC are static, I would like to see what tactics other user employ to manage currency fluctuations to better reflect values come budget time.

 

At the moment I have been updating the currencies once a month using the average rate for the previous month.

 

All thoughts and ideas welcome.

Outcomes