FXLoader recently had the opportunity to attend Ascend 2021: Elevating Insights for the Oracle Community in Hollywood, Florida (IN-PERSON!). Virtual & In-Person For many people, 2021 OATUG Ascend was the first return to an in-person conference. As expected, there were some last-minute cancelations and travel restrictions. However, holding the...
At FXLoader we work with tier-1 ERPs, the two most popular being Oracle ERP Cloud and Oracle E-Business Suite, which are also where I spent my previous life as a consultant. These global ERPs are used by the largest companies and so need to be able...
We have helped a number of new clients with the FX rate portion of their migration from Netsuite to Oracle ERP Cloud. Often, the motivation for this ERP move is to take advantage of the enhanced multi-national, multi-organization functionality in Oracle ERP Cloud. This is a full...
The European Central Bank (ECB) publish FX rates every weekday, from the Euro (EUR) to 33 major currencies. Over the years, the rates published have been extremely reliable and authentic, and many FXLoader clients load the rates into their ERP for accounting purposes. This could be...
Most countries do not fix their currency rates at a particular value – their currency fluctuates in value depending on the market. But some countries choose to peg their currency so it is fixed against the currency of another country, often the US Dollar. Occasionally...
There’s been a lot of analysis of 2020, the strangest of years. We thought it might be useful to leave out the pandemic (plenty has been said elsewhere) and summarise 2020 for FXLoader. New Central Bank Sources Official central bank or government sources of FX rates are...
Every number has an “inverse” which is calculated by dividing 1 by that number. For example, the inverse of 5 is 1/5 (or 0.2) Consider a set of numbers and their inverses: Number ...
What is a Cross Rate? Let’s assume USD is your main currency, and you get FX rates for USD with other currencies, e.g. USD>EUR, USD>CAD, USD>AUD Cross Rates are defined as FX rates which don’t include USD, e.g. EUR>CAD, AUD>EUR, CAD>AUD How are Cross Rates obtained? If your rates...
As you are probably aware, the Collaborate20 conference in Las Vegas has been cancelled, along with every other in-person conference at this time. The good news is that it has been replaced by the OATUG Forum Online from April 20 to May 1, 2020. The planned...
Many companies choose OANDA as the source for FX rates as they are a reliable, well-trusted rates provider. They publish Market Rates for every tradeable currency. There is a large amount of information available on OANDA’S website: https://www1.oanda.com/fx-for-business/historical-rates. Therefore, if you are checking rates, be sure...