How is currency conversion applied to project costs?

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  • Updated 2 years ago
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Hi there,

I've been using Replicon for a couple of years to manage projects.

The projects I'm managing are setup in Australian Dollars but all reports are run in Euros.

I do monthly reporting and, over months, have noticed changes to costs on several projects where nothing has happened (as in, no time recorded, no costs changed, etc - entirely static).

My best guess is that the exchange rate between AUD and EURO is being updated and that the project costs are being affected. I don't see the same changes on total project value, project expenses or budgeted profit.

This means my projects are showing higher costs but it seems that the project value remains fixed at an older exchange rate. The changes aren't massive but they are disconcerting.

Could you please advise:

  • how currency conversion is applied to project costs?
  • how currency conversion is applied to total project value, expenses and budgeted profit?
  • if there is a difference between how they are applied -  is it possible to make all values either fixed or variable so that all project values remain the same relative to each other?
  • if currency conversion is applied in a consistent way to all values, is there another possible explanation for this?

Can provide more info on this if needed.

Thanks,

Tim

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Jordan, Tim

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Posted 2 years ago

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Aashnee Kamboj, Community Moderator

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Hi Tim,

Can we setup a call to discuss the behaviour further?

Thanks,
Aashnee
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Jordan, Tim

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Hi Aashnee - happy to discuss, how can I PM you my details?
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Aashnee Kamboj, Community Moderator

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Hi Tim,

I will email you the details.

Thanks,
Aashnee