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Proliance can calculate the expected gain or loss for the workspace caused by currency exchange fluctuations of the current conversion rate applied to unpaid costs. Forecasted gains and losses are calculated based on the defined currencies used in the workspace.
Calculating the forecasted gain/loss for a single currency
Proliance uses the following formula to calculate the forecasted gain or loss for a single defined currency:
(Sum of all line item amounts denominated in a defined currency – Sum of all APA denominated in the same defined currency) * (BCRt – CCRt)
where:
Calculating the total forecasted gain/loss for all currencies
The total forecasted currency gains and losses for a workspace is the sum of forecasted currency gain or loss for all defined currencies used in the workspace.