Adding an Exchange Rate

You can define the currencies that users can convert to and the exchange rates to use for specific time periods. If you create an exchange rate for the currency and effective date as an existing exchange rate, the system uses the newest exchange rate.

Required access roles:

  • Baseline: Administrator

Before you begin: View the list of exchange rates; see Currency Exchange Rates Page.
  1. From the page Actions menu or toolbar, click Add New Exchange Rate .
  2. Enter these details:

    Note: Currencies display in this format:
    <3CharCurrencyCode>-<CurrencyName>-<COUNTRY>
    For example, Euros show as EUR-Euro-EUROPE and US dollars show as USD-US Dollar-UNITED STATES OF AMERICA (THE).
    Field Name Description
    From Currency Choose the currency you want to convert from the list.
    To Currency Choose the currency you want to convert to from the list.
    Rate Enter the conversion rate for the exchange.
    Effective Date Click to select the date this rate becomes effective.

    If you add a reverse exchange rate, such as Euro-to-Dollar when Dollar-to-Euro is already defined, the exchange rate for the same periods must be consistent.

  3. Click Done.