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Where is the Old Rate figure derived from when I revalue a foreign amount

Created on  | Last modified on 

Summary

When I revalue a foreign account in the Sage 200 software I am presented with an Old Rate field, where does this figure come from?

Resolution

This is a calculation based on the figures on the Foreign Account Revaluation screen. Balance in the Account Selection section (CurrentBalanceInAccntCurrency) is divided by Old Balance in the Currency Details section (CurrentBalanceInBaseCurrency) to give the Old Rate.