Exchange Rate being multiplied twice instead of divide and then multiply

Dear All SAP Gurus,
When my client was posting an Import PO (Foreign Currency =  USD - Local Currency = PKR) in MIGO & MIRO, which were both entered on different dates, there was an exchange rate difference which was posted to the correct GL Account but with the wrong amount. Although I have defined the exchange rate correctly in OB08 for both direct quote and indirect quote. I have also maintained the translation ratio as 1:1 in OBBS.
I have checked that the correct rate in being applied in FB60 and F-53.
Exchange rate I am using is as follows:
15.10.2010 = 1 USD = 85.65
19.10.2010 = 1 USD = 85.90
The system should behave like this:
15.10.2010 - 700,000 PKR =  8,172.80 USD
19.10.2010  - 8,172.80 USD =  702,043.20 PKR
The system is behaving like this:
15.10.2010 - 700,000 PKR =  59,955,000.00 USD
19.10.2010 -  59,955,000.00 USD =  5,150,134,500.00 PKR.
I am a FI Consultant. Let me know if I am missing something. My MM Consultant is also testing whether is there something missing from his side. Kindly guide me on the above issue.
Best Regards,
Anss Shahid Essani

I have checked that the local currency is the same as my company code currency. I have also checked the ratio in OB08 and that is 1:1.
The PO is partially made in USD and Partially in PKR. In MIGO the conditions made in USD is correctly picking up the rate, that is 1USD = 85.95 PKR, but the condition maintained in PKR is showing the rate as follows, 1 PKR = 85.95 USD.
In MIRO, the system is then  multiplying the rate again  85.95 USD = 85.95*85.95 PKR.
Although this is an unusual error, though we are still checking the conditions maintained in PO.
Kindly highlight me if you come with anything that we may be missing...

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