Difference Between Common Currency, Local Currency, and Interim Currency
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Difference Between Common Currency, Local Currency, and Interim Currency
- 1 Minute to read
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Common /Local Currency - You might load data to Planful in local currency, but use the common currency for reporting. For example, your local currency is Mexican Pesos, but the company reports in USD.
Interim Currency - with this currency type you can report on additional currencies other than your local and common currencies. Interim currency values are calculated for entities that have the same local currency and common currency.
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