FX Rates

The following has been taken from the Tax Provision Blueprint "Instruction Guide" starting at page 48.

See KB article: "Tax Provision Blueprint Instruction Guide - PV7.3.0 SV100" 

See KB article: "Create New FX Rate Types"

FX Rates

TXP_YTDAverageRate – YTD Average Rate is the FX Rate Type that is used with the Tax Provision Blueprint application for revenue and expense (activity) currency translation for the TXP_Actual and TXP_ActualRTP scenarios. In addition, Tax Provision Blueprint leverages monthly Closing Rates for asset and liability translation.

Tax Provision Blueprint uses the Rule Type of Periodic for translation of revenues and expenses, and the Rule Type of Direct for translation of assets and liabilities.

There are three forecast FX average rates and three forecast FX closing rates that are used with these forecast scenarios:

• TXP_FCST_M5
• TXP_FCST_Q2
• TXP_FCST_Q3