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Exchange Rates - What is an exchange rate lookup and where are they used?

An exchange rate lookup retrieves the conversion rate between two currencies on a specific date for use in cost estimates, compensation calculations, and other Equus Platform modules

What is an Exchange Rate Lookup?

An exchange rate is the price of a one currency in terms of another currency.

E.g. How many US dollars does it take to buy one Euro? As of 11 July 2025, the exchange rate is 1.17, meaning it takes 1.12 USD to buy 1 EUR.

An exchange rate lookup is the exchange rate for the combination of "From" currency and "To" Currency on a given date.

Where are Exchange Rates lookups used in the Equus Platform?

Here are examples of modules that uses exchange rates:

  • Cost Estimates

  • Compensation Calculations

  • Compensation Worksheets

  • Compensation Accumulation

  • Vouchers

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