What Are Currency Exceptions and Do I Need to Set Them Up

With Currency Exception, you can specify accounts to convert with different currency types for legal entities and hyperinflationary economies. You will need to set up currency exceptions if you need to convert specific accounts for specific companies at fixed or historical rates.

An example where a currency exception is needed is an investment on a balance sheet that must be held at a fixed rate until it is liquidated. Another common example might include the holding of inventory.

Currency exceptions defined here are applicable to Budget and Forecast scenarios. Currency conversions with exceptions are not executed when the Currency Conversion process takes place from the Data Load Rules process. Currency Conversions with exceptions must be executed via Currency Exchange Rates and/or the Consolidation Process to include exception details.