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Former Member
Feb 06, 2009 at 05:01 AM

Managing MM exchange rate fluctuation in budget


Hi all,

Need a suggestion on this scenario:

--> We Budget in Local currency INR.

--> When an import PO is created in USD the committment gets taken as per the prevailing exchange rates

--> During GRN after a certain period of time again the transaction happens as per the prevailing rates on that day.

--> During invoice again the rates are picked as per that days' exchange.

Now in all these steps as and when there is a fluctuation my budget from the WBS gets eroded step by step.

We are not in a position to redirect these loss or gains to the WBS and this is leading to a lot of budget exceed issues.

Please suggest if there are any ways to tackle the same.

Thank you

Pradeep Venkataramanan