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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