Can you please guide me the regarding the foreign exchange difference which is arise during a transection?
I draft a scenario to understand the situation for example my functional currency is US$
I put an order for 200 euro, and pay 100 euro pay in advance, but next month I got the material and now I have to pay remaining 50%. Now euro rate is change and remain 50% cost me 120 euro.
How I treat that extra 20Euro cost in my financial and how I avoid that.
I am also unaware about this topic. It will be very helpful if someone here could explain me more about this topic. Please share your genuine thoughts and knowledge. Thanks in advance mcdvoice.