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Hi all, I have just received a 2-yr secondment contract 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.
I realise the Yen has depreciated quite significantly over the past few years, but feel this is not very fair and would think some form of a trailing average would be more appropriate.
**What is the best practice for determining the FX rate in these types of contracts?**
by analystmonkey