Concepts

Settings

Adding Currency Exchange Rates

You can enter a new exchange rate for a currency combination as often as once per day, but not more than once in a day. The previously entered rate is automatically expired with an expiration date of the previous day. For example, if a new rate is entered on February 1, the previous rate’s expiration date is January 31. This ensures that there are no gaps in the currency’s exchange rates. You can view current and expired exchange rates on the Exchange Rate History tab in the enterprise’s Accounting view, Currencies tab. You can also delete expired rates, if you want.

This topic explains how to add a new exchange rate for a currency combination.

To Add a New Exchange Rate

1.	On the Enterprise window, select the Accounting view.

2.	Select the Currencies tab, then the Exchange Rates tab. This tab shows a list of all current exchange rates.

3.	Select the currency combination and click New Exchange Rate. The New Exchange Rate dialog appears.

4.	Enter the new exchange rate.

5.	To verify that the rate is correct, enter a number in the Currency exchange verification box. The system converts the value to the target currency using the exchange rate.

6.	Click OK to save the exchange rate.