We have a europe project with FY18 values for Cost & Budget plans(01/04/2018 to 31/03/2019) and In our Financial Module under setup menu, our currency is for the project EUR(Europe) and we want to convert as JPY(Japan) currency.
From Currency To Currency Conversion Rate Rate Calculation Method Exchange Rate Type Effective Date
EUR JPY 150.000000 Multiply Average 01/04/18
EUR JPY 151.000000 Multiply Average 01/04/19
EUR JPY 152.000000 Multiply Average 01/04/20
The problem is, project calculates the budget & Cost values with FY20 conversation rate(130.815640 instead of calculating FY18 Currency rate(129.000000). Why does it calculate the value with (01/04/20) conversion rate specifically? Is this calculating based on recent/latest exchange rate creation? because when i entered to the screen, it checked by default "Show current rate only" Check box. Hope this is multiplying because of recent effective date exist.
Do we overcome this issue? As this is a FY18 project, it should calculate/Multiply with FY18 Conversion rate. Should not multiply with FY19, FY20 conversion rate or any other latest Fiscal year conversion rate.