Through the Currency Rates page, you can define the rates of different currencies against the Local Currency of every company. This will be used in other transactions throughout the system, where other currencies might be used, and thus the system will need to calculate the values in the Local Currency of the company.

 

To add a new currency rate along with its exchange rate, click  and then perform the following steps:

 

§  Select the Currency Code from a list of predefined currency codes;

§  The Currency Name will be automatically displayed by the system according to the selected code;

§  Enter the currency’s Exchange Rate value;

§  Specify the currency’s Effective Date. From this date on, the currency will take effect with it exchange rate on the system;

§  Select the Branch from the predefined list;

§  Click  to save your work.

 

 

Related Topics

Setup