CLOAVE (PEL)

This function returns the difference between the closing exchange rate and the average exchange rate. That is, this function returns (closing rate - average rate). The exchange rates are the rates of conversion between the source currency and the currency to which it is being converted.

The exchange rates are associated with a specified time period and a specified scenario. Optionally, you can override the exchange rate by entity.

Remarks

This function may only be used as part of a Currency Rule Set. In addition, you must create a model-to-model association between the financial model of interest and the Exchange Rate assumption model.

The PEL compiler cannot generate SQL code for this function.

See Also

Other Resources

PEL currency conversion functions