Currency Exchange

The Currency Exchange screen allows you to define the exchange rate between a currency and the To Currency. This is used when transaction values are converted from one currency type to another.

To calculate the To Currency value, multiply the currency value by the exchange rate. During the transaction process, the rate used comes from the currency exchange rate with an effective date less than or equal to the transaction's exchange date or document date.

See Also: For an overview of currency, see Multi-Currency Overview.

General

In the General area, define the exchange rate.

Field		Description
	Currency	Enter or select the currency that will be converted to the To Currency. Active currencies can be selected. This selection cannot be changed once the document has been in a final state.
	Effective Date	Enter or select the effective date of the currency exchange rate. This selection cannot be changed once the document has been in a final state.
	Exchange Rate	Enter the value to multiply the currency by to calculate the base currency. The rate cannot be zero.
	Base Currency	Displays the base currency defined in Global Settings.
	To Currency	Enter or select a currency for which a currency pair exchange rate will be defined.