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Given the following:
Company base currency is
USD
has its bank accounts inUSD
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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