If two teams use two different exchange rates, you do not have “multi-currency.” You have reconciliation debt.
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What exchange rates should be in an ERP
Treat exchange rates like master data:
- Explicit records
- Reviewable changes
- History preserved
The hidden cost of “quick rates”
Rates copied from:
- WhatsApp messages
- Email threads
- A spreadsheet tab
…will always show up later as unexplained variance.
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