How is Effective Date used for Billing Currency

### How is Effective Date used for Billing Currency

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#### Products

Clarity PPM SaaS Clarity PPM On Premise

#### Issue/Introduction

The Effective Date for the Exchange Rates is used to determine the conversion rate on Billing Currency View.

Release : All

#### Resolution

The example used is:

Original conversion

EUR/USD  multiply by 2

USD/EUR divide by  2

Then I changed the rates for 11/9/22 to be

EUR/USD multiply by .75

USD/EUR divide by .75

I made the cost plan be 100 USD for each month

Billing Currency is EUR

This is what showed on the Cost Plan Billing Currency (vs \$100 each month for Investment Currency)

Billing currency

OCT 50 EUR

NOV 111 EUR - Month where the Effective Date and Rate changed.

DEC 133 EUR

I then got the calculation by day for each rate

8 days for Nov at the divide by 2 rate

22 days at the divide by.75 =

13.33

+ 97.77

111 EUR

Here are the calculations:

100/2

50 conversion rate /30 days for Nov
1.666667 day

x 8 days
13.33333

100/.75  = 133.3333   100/.75

133.3333 / 30 days =

4.444444

x 22 days

97.77778

Nov =

13.33

+ 97.77

111 EUR