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Let's say in my Great Britain company, I make a total net profit of 10,000 USD (USD is the reporting currency) in January 2020. I then have to convert this 10,000 USD to GBP (Pounds) based on the January 2020 exchange rate (e.g 0.86).
So now we have a total net profit of 8600 GBP (local currency) for January 2020. I have completed this successfully using the below DAX code:
Now, in order to normalize the currency conversion, and enable fair variance comparison, year-on-year, I must convert the GBP back into USD, based on the January 2021 exchange rate. E.g GBP-USD Jan 2021 = 1.15, so the normalized USD value would be 9890 USD (8600*1.15).
Does anyone know how to create this time-dependency?
Any help is greatly appreciated!
Solved! Go to Solution.
Hi @Anonymous
I made a sample to have a test.
Data Table:
Rate Table:
Calendar Table:
Calendar = ADDCOLUMNS(CALENDAR(DATE(2020,01,01),DATE(2021,12,31)),"Year",YEAR([Date]),"Month",MONTH([Date]))
Measures:
GBP =
VAR _RATE =
CALCULATE (
SUM ( 'Rate'[Rate USD-GBP] ),
FILTER (
'Rate',
AND (
'Rate'[Year] = MAX ( 'Table'[Year] ),
'Rate'[Month] = MAX ( 'Table'[Month] )
)
)
)
VAR _GBP =
_RATE * SUM ( 'Table'[USD] )
RETURN
_GBP
USD in Current Rate =
VAR _SELECTYEAR =
SELECTEDVALUE ( 'Calendar'[Year] )
VAR _SELECTMONTH =
SELECTEDVALUE ( 'Calendar'[Month] )
VAR _RATE =
CALCULATE (
SUM ( 'Rate'[Rate USD-GBP] ),
FILTER (
ALL ( 'Rate' ),
'Rate'[Year] = _SELECTYEAR
&& 'Rate'[Month] = _SELECTMONTH
)
)
RETURN
ROUND ( DIVIDE ( 1, _RATE ), 2 ) * [GBP]
Result is as below.
Best Regards,
Rico Zhou
If this post helps, then please consider Accept it as the solution to help the other members find it more quickly.
Hi @Anonymous
I made a sample to have a test.
Data Table:
Rate Table:
Calendar Table:
Calendar = ADDCOLUMNS(CALENDAR(DATE(2020,01,01),DATE(2021,12,31)),"Year",YEAR([Date]),"Month",MONTH([Date]))
Measures:
GBP =
VAR _RATE =
CALCULATE (
SUM ( 'Rate'[Rate USD-GBP] ),
FILTER (
'Rate',
AND (
'Rate'[Year] = MAX ( 'Table'[Year] ),
'Rate'[Month] = MAX ( 'Table'[Month] )
)
)
)
VAR _GBP =
_RATE * SUM ( 'Table'[USD] )
RETURN
_GBP
USD in Current Rate =
VAR _SELECTYEAR =
SELECTEDVALUE ( 'Calendar'[Year] )
VAR _SELECTMONTH =
SELECTEDVALUE ( 'Calendar'[Month] )
VAR _RATE =
CALCULATE (
SUM ( 'Rate'[Rate USD-GBP] ),
FILTER (
ALL ( 'Rate' ),
'Rate'[Year] = _SELECTYEAR
&& 'Rate'[Month] = _SELECTMONTH
)
)
RETURN
ROUND ( DIVIDE ( 1, _RATE ), 2 ) * [GBP]
Result is as below.
Best Regards,
Rico Zhou
If this post helps, then please consider Accept it as the solution to help the other members find it more quickly.
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