Currencies and exchange rates: Retail

In gfknewron, all revenue information is gathered in local currency and converted based on the exchange rates stored in the system. The exchange rates are always fixed for one month in advance, and they're based on the first working day of the month (in the German calendar). This means the exchange rates used for monthly and weekly reporting in that month are identical.

For each currency, the exchange rate of the respective month or week will be used to convert the data of that period, with the data aggregated afterwards (with the exception of Pricebands - see below), according to the period selected (such as full years or quarters).

Exchange rates are determined from a single source, Infront Financial Technology, a globally recognized provider.

Exchange rates and Pricebands 

Priceband splits are pre-calculated in local currency. While it is now possible to view this data converted into a different currency, please note that this is a simple labelling conversion, and does not re-assign data to the pricebands based on individual period exchange rates. This may lead to unexpected results in cases of different currency trends between the local and converted currency.