Orpheus, a McKinsey company - Digital Backbone

Digital Backbone &

more about
Digital Backbone & Visualization
Orpheus, a McKinsey company - Impact Tracker

Data Connectivity &

more about
Data Connectivity & Transformation
Orpheus, a McKinsey company - Data Categorizer

Data Cleansing &

more about
Data Cleansing & Categorization
Orpheus, a McKinsey company - Spend Control

Dashboards &

more about
Dashboards & Insights
Orpheus, a McKinsey company - Category Analytics

Analysis &

more about
Analysis &
Orpheus, a McKinsey company - Impact Tracker

Integrations &

more about
Integrations & Ecosystem
Orpheus, a McKinsey company - Advisory Center

Alerting &

more about
Alerting & Recommendations
Orpheus, a McKinsey company - Impact Tracker

Impact &
Savings Tracking

more about
Impact & Savings Tracking

What exactly are currency effects?

Currency effects arise with comparisons from previous periods through exchange rate variations.

The following are differentiated:

  • The effect through the conversion of suppliers to the local currency – the transaction effect – and
  • Through the conversion from the local currency to the reporting currency or currencies – the translation effect.

They are calculated by converting the current value with the average rate of the comparison period and forming the difference. Thus, the question is answered as to how the currency would have been if the exchange would not have changed.

If we subsequently further calculate with the exchange rate-corrected figure, e.g. to account for the price, quantity, and structural effects, we obtain values adjusted by the fluctuations of the exchange rate. Both currency effects should always be disclosed to fully represent the dependency, which is not within the competency, e.g. of procurement. A price decrease in supplier currency can rapidly lead to an increase of reporting currency through rate variations.

Dashboards & Insights - Advanced Analytics, Transparency & KPIs

Dashboards & Insights

Dashboards & Insights is a complete Procurement Controlling and Spend Management solution. It provides all functions, KPIs and measures needed for professional Spend Analysis.

With its standardized ERP interfaces you can connect the spend cube of Dashboards & Insights within a short time frame to any ERP system (e.g. SAP, Navision, Oracle etc.).

Request a Demo for Dashboards & Insights more about Dashboards & Insights

Search Glossary

Orpheus Glossary

Here you will find important terms related to spend management explained in a clear way. Small knowledge base for quick information or in full for your further education. This controlling glossary is constantly being expanded and improved.

Orpheus Blog

Read blog articles about spend management, initiative management and data management in procurement, or other articles from our experts.

Connect with our experts