My understanding is that the standard solution for consolidation in v11 is to select multiple companies in the Financial Reports (e.g. P&L).
This works well if they are all in the same base currency, but if not then the current exchange rate is used to convert to the base currency of the company (could be the parent but doesn't have to be).
This does not seem to be correct. I believe that it should either use the actual rate at the time of the transaction or some other fixed rate (e.g. average rate for the period).
Does anyone have experience of doing consolidation in a multi-company environment with different base currencies? Any good ideas?