Currency Revaluation

Currency revaluation rates, often referred to as spot rates, are used to revalue company and base currency values during the unrealized gain/loss process. All rates are expressed as a multiplication factor, which is used to convert a value from the current currency to another currency. Rates are kept by posting period.

The asset, liability, and equity account values stored in company currency and base currency are revalued on a regular basis, usually monthly. There are two types of revaluations available: Realized Gain/Loss and Unrealized Gain/Loss.