If French-based Affiliate A owes U.S.-based affiliate B $1,000 and Affiliate B owes Affiliate A €2,000 when the exchange rate is $1.50 = €1.00.The net payment between A and B should be closest to

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Affiliate A owes $1,000 to Affiliate B, which is equivalent to €666.67 at the exchange rate of $1.50 = €1.00. Affiliate B owes €2,000 to Affiliate A. The net payment is €2,000 - €666.67 = €1,333.33 from B to A, which is closest to $2,000 when converted back to dollars.

If French-Based Affiliate a Owes U