Which exchange rate should be used for calculating expenditures from non-Euro project partners (e.g. Norway, Sweden, Denmark) in Euro, when it comes to financial reporting?
The exchange rate must be based on one of the following options (one of the options must be chosen and used for the entire project time). Each project should establish a system and internal rules for using/calculating of the exchange rate. • daily calculation (e.g. www.ecb.int) • average rate (e.g.
Related Questions
- Which exchange rate should be used for calculating expenditures from non-Euro project partners (e.g. Norway, Sweden, Denmark) in Euro, when it comes to financial reporting?
- When should the expenditures impact be used to evaluate a project and when should the economic value (MWTP) be used?
- What is the most commonly used currency in Sweden and Norway?
