In recent years, Central Banks around the world have made the news with more frequency than ever before. How can global businesses identify which are the "right" exchange rates to use - market rates or Central Bank rates?
For two decades, hundreds of thousands of companies have relied upon the OANDA historical rates for their FX data needs like accounting, tax, internal reporting, spot-checking of rates, and more.
Today, our new and improved Historical Currency Converter enables tax departments at global companies like Johnson Control to access and download accurate historical exchange rates data in a more intuitive, flexible and convenient way than ever before.
- 170,000 employees
- 1,300 locations
- Unlimited downloads of historical FX data
As with the other roles examined in this series, the integrity of multi-currency accounting is being tested by globalization and economic instability. This installment in our blog series examines the challenges of determining functional currency rates and how corporate accountants can focus on centralization and clarity to strengthen their efforts.