- 3 Minutes to read
- Print
- DarkLight
- PDF
Decision Hub Summary
- 3 Minutes to read
- Print
- DarkLight
- PDF
Decision Hub can be used for downloading of exchange rates. And, you can create profiles to configure the way you want exchange rates to occur for the currencies you select.
Profile - Decision Hub
Create profiles to configure the way you want exchange rates to occur for the currencies you select. For example, you might configure exchange rates to convert all Euros and British Pounds to U.S. Dollars based on the lowest price traded on the stock market for a particular period of time. Profiles allow you to define the currency and currency type structure once and reuse the design each month for updated rates. Profiles are created by scenario.
Navigate to Maintenance > Currency > Exchange Rates .
Click the Profile tab.
Select a Profile that you set up when you completed the Benchmark.
Select Rate Type.
Select currencies you want to map to the profile.
Select applicable time periods. No processing of rates can be done between Friday 9pm to Monday 9 am based on your time zone.
Description of Fields on the Profile Page
Download | Open the Download page to export or save currency exchange rate profile details. |
Profile |
Note: The budget/forecast years are defined on the Configuration Tasks page. |
Scenario/Year/ Common Currency | Associated with the scenario selected when the profile was created. |
Rate Type | Rate types help define the way in which you’d like the currency conversion to take place. Select one of the following options:
|
Available Currencies | Currencies mapped on the Currency Exchange Rate – Mapping page are available for selection. Select the currencies you want to associate with the benchmark profile and click the forward arrow to move the currency into the Selected Currencies pane. |
Selected Currencies | Currencies available for the selected benchmark profile. Note: Select a currency you wish to remove from the Selected Currencies list and click the back arrow to remove it. |
Select Time Periods - Currency Type | Click in the Currency Type field to modify the associated time value. Select one of the following:
|
Select Time Periods - Start/End Dates | You can download exchange rates during the week only. More specifically, quotes are not updated between Friday 5pm New York time until Monday 9am Sydney time, as rates quoted during that time tend to have wide spreads due to low liquidity and do not accurately reflect the state of the market. When selecting time periods, please be sure to take this into consideration. |
Mapping - Decision Hub
Map currencies defined in the Planful application with Decision Hub currencies. You may also map the Planful application currency types, which are used during the currency conversion process, to Decision Hub currency types.
Navigate to Maintenance > Currency > Exchange Rates and click the Mapping tab to access the Mapping page.
Application Currency / Decision Hub Currency | Map (associate) the Application Currency defined on the Currency Setup page to the Decision Hub Currency. |
Application Currency Type / Decision Hub Currency Type | Map the Application Currency Type defined on the Currency Type page to the Decision Hub Currency Type. Select one of the following Currency Type options:
|
Entity Locking
You cannot download a currency linked to a locked entity in Decision Hub. Additionally, the system will verify the period for which the entity is locked.
Currency for an entity is selected on the Hierarchy Management screen.
Entities are locked on the Lock Data page accessed by navigating to Maintenance > Reports > Lock Data and clicking the Lock Data tab.