Our services include, but are not restricted to, flight booking, hotel booking, sight-seeing and foreign exchange. With our exhaustive range of travel services, we aim at enriching your travel experience. When you think international travel, think Thomas Cook.Īt Thomas Cook, we understand the value of your money and the importance of a good vacation.

For example, if you have loaded your travel prepaid card with 20,000 USD, the value of it won’t change, regardless of the foreign exchange fluctuations. This way you maximize the value of your rupee. Since Forex travel cards are loaded at locked-in exchange rates, they protect you from the fluctuating exchange rates. One of the most important concerns in foreign exchange is its fluctuating conversion rates. For example, if remittance rate for US dollar is 70, this means 1 US dollar being remitted is equivalent to Rs. Remittance rate is the rate of that foreign currency against Indian Rupees. Issue can occur if cross-rates are entered.Remittance means transfer of money from foreign country to home country (India). Not the reciprocal of the direct rate, then a translation from currency 1 to currency 2Īnd then back to currency 1 will incorrectly not yield the original amount. If for example, an indirect rate is entered and it is Triangulate the indirect rates and additional rates between currencies that do not Rates should always be entered using a direct rate to the application currency in orderįor the most accurate indirect and cross-rates to be generated. The system translates Flow accounts using the Average rate and the Balance account using the Ending rate.įinancial Consolidation and Close provides the ability to enter direct exchange rates, indirect exchange rates and cross-rates. See Creating Currencies and Translating Data.įinancial Consolidation and Close supports two system exchange rates - Average and Ending. To specify exchange rates, you must set up multiple currencies when creating an application.

You can enter rates from any source currency to any destination currency. You use exchange rates to convert values from one currency to another.

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