how to account for fx impact in financial model?

Hi everyone,
I recently started looking at a company that reports in USD but has subsidiaries in LatAm markets. Given that EM currencies do depreciate quite significantly over time, I'm trying to see how to incorporate it in my model. The company is exposed to translation (repatriation of revenue) and transaction risk (portion of cogs in USD) and I was wondering if anyone had any tips on how to do this please?

Thank you vm in advance!