Define Currency Parameters

Common Currency Code - Enter a currency code (i.e. USD for United States Dollars).

Common Currency Name - Enter a currency name (i.e. US Dollars as the currency name for the USD currency code).

Currency Conversion Basis - Select a basis to convert a currency. For example, select Multiply to multiply exchange rates. Select Divide to divide rates during currency conversion.

Enable Interim Currency - This option allows you to enable one, two, or three interim currencies. You can not enable more than three interim currencies. Interim currency converts a legal entity from its local currency to a second reporting currency before converting to the common currency. For example; A UK entity converts from BP sterling to Euro to US dollars.