Currency Rates Screen

Use the controls in this field to select an existing currency table, or to create a new currency table. For more information, see About Currency Tables.

Enter a description of the purpose of the currency table (for example, "Converting at average rate"). You can enter up to 60 characters in this field.

Specify the method for selecting a currency exchange rate for a transaction or revaluation:

• Earlier. If no rate has been entered for the date of the transaction, the system uses the rate for the most recent date before the transaction date.
• Exact. The system uses the rate for the same date as the transaction date. (If no rate has been entered for the date of the transaction, you must enter one.)
• Later. If no rate has been entered for the date of the transaction, the system uses the rate for the first date after the transaction date.

Note: After saving a currency table, you cannot change the date matching method for that currency table.

Specify the method to determine how the source-currency amount of a transaction is converted to its functional-currency equivalent:

• Multiply. The transaction amount (source currency) is multiplied by the currency's exchange rate.
• Divide. The transaction amount (source currency) is divided by the currency's exchange rate.

Note: After saving a currency table, you cannot change the rate operation for that currency table.

Specify the code that identifies a rate type for converting a source-currency amount to its functional-currency equivalent.

Enter the reference source where currency rates were obtained (for example, a newspaper). You can enter up to 60 characters in this field.

Specify the currency to which transaction amounts will be converted. You can specify the functional currency or another currency.