Hi all,
I have just received a 2-yr secondment contract to JP from my employer where I will be paid in the host country currency (JPY) based on my current salary level (EUR).
However, the FX rate they have used implies a 20% haircut compared to the current EUR/JPY spot price. The rate is based on a 5 yr average 2019-2023
I realise the Yen has depreciated quite significantly in recent years, but feel the fx rate applied is not very fair (given trend is not likely to reverse in relatively short secondment period)
Seeking advice on best practice for determining FX rates in expat contracts and how to proceed with my employer
by analystmonkey