Financial Administration › Currencies › Set Up Conversion Rates

Set Up Conversion Rates

To set up conversion rates

1. Select Setup from the Finance menu, and on the Financial Organizational Structure page, click Foreign Exchange Rates.

   The Foreign Exchange Rates page appears.

2. Click New.

   The Exchange Rate Properties page appears.

3. Complete the following fields:

   From Currency

   Defines the currency to convert.

   To Currency

   Defines the currency that items will be converted to. If the desired currency does not display in the list, check that the currency is active.

   Conversion Rate

   Defines the conversion rate.

   Rate Calculation Method

   Defines the calculation method.

   Values: Divide or Multiply.

   Exchange Rate Type

   Defines the exchange rate type.

   Values: Average, Fixed, or Spot.

   Effective Date

   Defines the effective date for this conversion rate.

4. Click Submit.