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Given the following:

  • Company base currency is USDhas its bank accounts in USD

    • This is the Base Currency

  • Service costs are in EUR

    • This is the Local Currency

    • Cost is 100 EUR (= Local Cost)

  • Reservation is quoted in GBP

    • This is the selling or Quote Currency

  • Markup rule is 1.10 (10% markup)

  • Exchange Rates loaded:

    • Type C (Cost exchange rate)

      • 1.20

      • 1.00 EUR = 1.20 USD

    • Type Q (Quote exchange rate)

      • 0.80

      • 1.00 USD = 0.80 GBP

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