Exchange Rates Overview
The Exchange Rates screen allows users to setup different foreign exchanges for their business for different time periods. This is a manual screen which requires users to manage internally either daily or monthly.
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Enter the three letter currency code into this field.
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Example:If a user wants to setup an exchange rate from their base currency of |
Exchange Rate
The exchange rate field is the actual numeric value used to calculate the rate.
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Example:Exchange Rate code |
Begin Date
The beginning booking date of the period in which this Exchange Rate is applicable. Can not come later than the Ending date.
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Note: This is a manual process. Users can make updates to these dates internally as needed based on the current exchange rate values. |
End Date
The ending booking date of the period in which this Exchange Rate is applicable. Can not come before the beginning date.
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Note: This is a manual process. Users can make updates to these dates internally as needed based on the current exchange rate values. |
Calculation Example
Given the following:
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