exchangeRateToBase
ExchangeRateToBase is a term used in multi-currency financial systems to denote the numeric factor used to convert an amount from a non-base currency into the system's base currency. It reflects how much base currency is equivalent to one unit of the given currency and is a key input for financial reporting, accounting, and pricing across currencies. Different systems may store and present rates with different conventions.
Calculation: If the base currency is USD and the exchangeRateToBase for EUR is 1.10, then 100 EUR
Rates are typically sourced from central banks, commercial data providers, or internal market data. A rate is
Common uses include consolidating financial statements in a single base currency, budgeting and forecasting, pricing products
Example: With USD as base and EUR rate to base of 1.10, 2500 EUR equals 2750 USD.