Setting Up Currency Exchange Rate
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Setting Up Currency Exchange Rate

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Article summary

You can set up currency exchange rates for each scenario via the Currency Exchange Rate.


How to Set Up an Exchange Rate?


  1. Navigate to Maintenance > Multi-Currency > Exchange Rates to access the Exchange Rates page. 
  2. Select a Scenario from the list.
    selection scenario
    Note:
    The list box is populated with scenarios defined on the Scenario Setup page and is visible based on the user's scenario access.
  3. Select a fiscal Year associated with the scenario. Year selection only applies for the Actual scenario.
  4. Select Default view if you wish to set up exchange rates for one currency. Select Customized view if you wish to set up exchange rates for one or more currencies and currency types.
    Note:
    To customize the Currency Type in the Default view, perform the below steps:

    1. Select the Customized view radio button.
      customize view
    2. Select Currency Type from the Select Currency Types icon beside Currency Type to select currency types for the selected currency. Click Select.
      browse icon
    3. Enter the exchange rates and click Save.
  5. Select the Currency for which you want to view the exchange rates.
  6. Select the Apply Currency Conversion checkbox to modify the exchange rates and update the loaded data with the new exchange rates for converting Local Currency to Common Currency. If you don’t enable the checkbox, the existing data will not be updated and the exchange rates will be applied only for new data loads.
    Apply currency conversion
  7. Enter the exchange rates and click Save.


How to Import and Export Exchange Rates?

You can export all or selected entries from the Currency Exchange Rate list report using Export  All or Export Selected.

You can also import exchange rates by uploading a file using the Import option.
export
The best practice is to first export the file structure, then update the values, and finally import the modified file.



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