In the current process, the XAF/USD rate is updated daily by Bloomberg feed. However, the XAF is actually pegged to EUR, and to arrive at the USD conversion rate, we have to perform a calculation:
EUR/USD (from Bloomberg) x XAF/EUR (fixed at a rate of u201C655.957u201D) = XAF/USD.
This calculation should be performed automatically on a daily basis, and the exchange rate type M for XAF/USD should overwrite whatever Bloomberg sends daily.
The fixed rate of u201C655.957u201D XAF for 1 EUR, will not change in foreseeable future. This same since 10 yrs.
Can you please help me how can we find the solution for the above.
Thanks and regards,