A currency table lists exchange rates by date, and is used when converting a source currency amount to its functional-currency equivalent.
Note: You must create a currency table for each combination of currency and rate type. For example, if you use two currencies and two rate types, you must create four currency tables.
A currency table must specify the following:
- Currency to which amounts will be converted
- Rate type
- Date-matching method
- Rate operation
A currency table can also include a description and the name of the reference source where you took the rate (such as a newspaper).