My observations are wrong.
It is working for the following parameters:
Rate model Entity dimension - GLOBAL.
No Entity dimension Global maintained in Consolidation Model
LOG BEGIN TIME:2014-05-10 19:59:32
FILE:\ROOT\WEBFOLDERS\COG_CONS\ADMINAPP\LEGCONS\FXTRANS.LGF
USER:210214
APPSET:COG_CONS
APPLICATION:LEGCONS
RUN CURRENCY CONVERSION
38 SUBMITTED, 38 SUCCESS, 0 FAIL.
Regards
SAB BOSS