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Overview:

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Forward Exchange Contracts are one common hedging tool that might result in the use of this window. A forward exchange contract is a legal agreement between two parties to purchase and sell a specific quantity of foreign currency at a specified price, with deliver and settlement at a specified future date. If you enter into a forward exchange contract or similar agreement, you can establish the agreed upon exchange rate as a fixed exchange rate so PENTA uses this rate on transactions recorded in the specified currency.

Benefits:

• Ability to assign Job Fixed Exchange Rates for situations where hedging is utilized
  
• Override the spot rate for a given job in favor of a job fixed exchange rate

Roles:

• Accounting Manager
• CFO

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• Financial & Accounting > Setup > Currency Information > Job Fixed Exchange Rates

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