How To Deal With Foreign Exchange (FOREX)/Currency With Regards To Contract Agreements?
Last updated on AUGUST 07, 2017
Applies to:Oracle Fusion Purchasing - Version 18.104.22.168.0 and later
Oracle Fusion Purchasing Cloud Service - Version 22.214.171.124.0 and later
Information in this document applies to any platform.
Global Contract has a price in USD and is attached to a a SSC Entity/Business Unit (BU). However, local Blanket Purchase Agreement (BPA) in India releases against this Contract and uses this corporate agreed price but raises a Purchase Requisition (PR)/ Purchase Order (PO) in its local currency being INR. So a purchase order for 10 x 100 USD = converted in INR. However, if the price changes or there are currency fluctuations, how do we deal with this. Is this an Enhancement Request (ER)?
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