Currency Conversion

Maria Kutelova

LEEDuser Basic Member

46 thumbs up

July 5, 2012

Hi everybody, I see that many of you here have extensive experience with international projects. How have you handled the MR Calculator for regional, recycled content with the part of the cost? We have all costs in EUR and we want to keep it this way to ensure consistency. What is has been your experience so far? Thanks!

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Jean Marais

b.i.g. Bechtold DesignBuilder Expert

LEEDuser Basic Member

581 thumbs up

Thu, 07/05/2012 - 10:56

As the end results are in %, it really doesn't matter...to be consistant I would stick to dollars.

Michael Smithing

Director - Green Building Advisory

Colliers International Ltd.

LEEDuser Basic Member

201 thumbs up

Thu, 07/05/2012 - 12:41

It's worth a try submitting in EUR. If the review team objects then you can always do the conversion for the final submission. I just submitted the cost analysis for an EBOM project (IOc3) in EUR - let's see how that is met. Be sure to note that you have submitted in EUR rather than USD.

Susann Geithner

Principal

Emerald Built Environments

LEEDuser Basic Member

900 thumbs up

Thu, 07/05/2012 - 14:58

We have submitted a few projects. You will be asked by the reviewer to submit in dollar. However there is no requirements for a certain conversion rate. So we applied 1 EUR = 1 Dollar, which is reasonable if you compare the buying power of EUR to dollar (That's actual a more realistic value anyway). Also as Jean was pointing out the percentage stays the same either way. However you are required to provide it in dollar. Some reviewer may not have an issue with you using EURO, but we did have review comments asking us to provide dollar values.