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Use fixed exchange rate agreements for project contracts

Enabled for Public preview General availability
Users by admins, makers, or analysts - Sep 17, 2024

Business value

Customers who use Project Operations for resource or nonstock deployments can currently use only fluctuating exchange rates. With this release, you can enter a fixed exchange rate to meet contractual or regulatory requirements.

Feature details

This feature adds the ability to configure a fixed exchange rate for a project contract. When you set the fixed exchange rate, all project transactions use the exchange rate to convert from the contract currency to the accounting currency for the legal entity.

Screenshot showing a fixed rate agreement for a currency

Geographic areas

Visit the Explore Feature Geography report for Microsoft Azure areas where this feature is planned or available.

Language availability

Visit the Explore Feature Language report for information on this feature's availability.

Additional resources

Manage project invoice proposals (docs)

Project accounting (learn)