Currency Use Case - Common Currency vs. Local Currency
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Currency Use Case - Common Currency vs. Local Currency
- 1 Minute to read
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Lets say you load your financials in Euro, but for reporting purposes you want to produce reports in USD. To accomplish this, proceed as follows:
- Make your applications' Common Currency USD.
- Load the Euro financials via a DLR as Local Currency.
- Load the Euros to a Legal Entity that has Euros as the Currency.
- Load Exchange Rates for the Euro.
- With this in place, load the data as Local Currency (EURO) and run Currency Conversion to convert the Local Currency to Common Currency (USD).
- Then, when you are building your reports add the Reporting dimension to your Page level selection and either choose Common Currency to show USD, or Local Currency to show the EURO.
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