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Expenses Hub

Image showing foreign currency


When expenditure is incurred in a foreign currency the aim is to reimburse the employee for the sterling equivalent of their actual costs.

For cash expenditure:   Convert back into sterling using the published average ask rate from on the day of expenditure or the actual receipted rate obtained from the bank or bureaux de-change
For credit card expenditure Use the credit card provider’s rate as shown on the card statement.


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