Currency Use Case - Common Currency vs. Local Currency
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Currency Use Case - Common Currency vs. Local Currency

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Article summary

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:

  1. Make your applications' Common Currency USD.
  1. Load the Euro financials via a DLR as Local Currency.
  1. Load the Euros to a Legal Entity that has Euros as the Currency.
  1. Load Exchange Rates for the Euro.
  1. With this in place, load the data as Local Currency (EURO) and run Currency Conversion to convert the Local Currency to Common Currency (USD).
  1. 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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