Many organizations conduct business globally. In such circumstances, goods and services may be transacted in multiple currencies around the globe. However, organizations will often desire revenue figures to be reported using a single currency. When this happens, organizations must use currency exchange rates to convert transactions conducted in one or more currencies into a single currency for reporting purposes.
This recipe demonstrates how to convert revenue numbers in multiple currencies and report on this revenue in a single reporting currency using currency exchange rates that change over time.
