[{"data":1,"prerenderedAt":32},["ShallowReactive",2],{"content:en:glosario:consolidation-exchange-rate":3},{"frontmatter":4,"html":28,"locale":29,"section":30,"slug":31},{"id":5,"title":6,"description":7,"h1":8,"keyword":9,"date":10,"updated":10,"author":11,"schemaType":12,"draft":13,"formula":14,"cta":15,"faq":16,"related":23},"tipo-de-cambio-de-consolidacion","Consolidation exchange rate: what it is and how it applies","The consolidation exchange rate translates each entity's statements into group currency: period average for the P&L, closing rate for the balance sheet.","Consolidation exchange rate","consolidation exchange rate","2026-09-03","santi","DefinedTerm",false,"Amount in group currency = Amount in local currency × Exchange rate (average for P&L, closing for balance sheet)","See how Fibady calculates it in a demo",[17,20],{"q":18,"a":19},"Is the average rate the same as the closing rate?","No. The average smooths the month's swings and applies to the P&L; the closing rate is the last day's and applies to the balance sheet. The gap between them creates the translation difference.",{"q":21,"a":22},"How often is it updated?","Monthly with the close. In countries with several official rates, the group sets which one it uses in its consolidation policy.",[24,25,26,27],"\u002Fglossary\u002Ffinancial-consolidation","\u002Fglossary\u002Fdual-currency","\u002Fglossary\u002Fconsolidation-scope","\u002Fproduct\u002Fmulti-entity-consolidation","\u003Cp>The consolidation exchange rate is the rate used to translate each entity's financial statements, in its functional currency, into the group's currency. It is usually the period's average rate for the P&L and the closing rate for the balance sheet.\u003C\u002Fp>\n\u003Ch2 id=\"how-it-is-calculated\">How it is calculated\u003C\u002Fh2>\n\u003Cp>Amount in group currency = Amount in local currency × Exchange rate. P&L: average rate for the month (or year to date). Balance sheet: closing rate on the last day. Equity stays at historical rates, and the remaining gap is booked as a translation difference.\u003C\u002Fp>\n\u003Ch2 id=\"example-with-numbers\">Example with numbers\u003C\u002Fh2>\n\u003Cp>The Mexican subsidiary closes the month with revenue of 2,000,000 MXN and receivables of 900,000 MXN. Average rate: 0.050 EUR\u002FMXN; closing rate: 0.048. Consolidated revenue: 100,000 EUR. Consolidated receivables: 43,200 EUR. If last month's closing rate was 0.052, receivables lost 3,600 EUR on exchange rate alone.\u003C\u002Fp>\n\u003Ch2 id=\"how-fibady-does-it\">How Fibady does it\u003C\u002Fh2>\n\u003Cp>Each entity has its exchange rate configured per entity and per period, with whatever policy the group decides (average, closing or custom). The consolidation is shown in dual currency, local and group, and every translated figure opens down to the original amount in local currency.\u003C\u002Fp>\n","en","glosario","consolidation-exchange-rate",1788520127975]