Name:

Historical Exchange Rates Published by NBP

Summary:

Gets official National Bank of Poland exchange rates for 33 currencies

Description:

Polish regulations mandate using the National Bank of Poland's average exchange rate for recording currency transactions such as trading stock, invoices and payments. Our solution allows the use of exchange rates from the National Bank of Poland via a custom function NPB.FXRATE(). Thanks to the function, you can automate and reduce manual work for the following use cases:

• Accounting officer: does not have to check the correct exchange rate manually for record.
• E-commerce and Pricing: Setting prices for products or services sold in multiple countries, ensuring that pricing remains competitive and aligned with current exchange rates.
• Trading international assets or vesting stock: tax, as well as profit and loss(P&L) calculation becomes much easier and significantly reduces time and errors