Consolidation - Balance sheet ending balance exchange rates elimination

I created  a consolidation company to consolidate my two subsidiary companies. The issue that i am having is that when we run the elimination and exchanges rate use for the beginning balance is not the latest exchange rate we are using but rather the historical exchange rate. Am i missing an step on the consolidation to allow me to convert my monetary accounts to the exchange rate from the latest reporting period. Please let me know if anyone is having the same issue. Or do i have to do it outside the AX