Exchange Rates

Overview

This screen contains exchange rate information of the foreign currency related to the domestic currency. Only one active exchange rate(s) per day is allowed per foreign currency.

 

Navigation

Admin ► Common Entities ► Currencies ► Exchange Rates

 

Exchange Rates screen Fields

Field

Description

Active

If false, the Content cannot be used anymore and it would be there for reference purposes.

Date

 The date the exchange rate is created.

Currency

 The system presents a list of available currencies. Domestic currency is not displayed for selection.

Rate Value

 Value of the exchange rate for the day.

Reference Rate ValueValue of the reference rate for that day, exclusively for expenditure transactions. If Parameter System Needs Different Exchange Rate for Revenue and Expenditure is true, then the system must request this value.