Currencies and exchange rates

Understand how we calculate the figures shown for your local currency.

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, 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.