Currency Rates

Form ID: (CM301000)

On this form, you can view the currency rates that were effective on a specific date for a specific target currency (To Currency) and enter new effective rates for multiple source currencies (those specified in the From Currency column). You can update the exchange rates of foreign source currencies for the target base currency on daily basis. For details on currency rate entry, see Configuration of Rate Types and Rates: To Configure Rates.

Note:

You can also define rates with target currencies other than the base currency; these rates are used for translations only.

Form Toolbar

The form toolbar includes only standard buttons. For the list of standard buttons, see Form Toolbar and More Menu.

Selection Area

In the Selection area, you can select a target currency and a date, so you can enter and view the exchange rates of source currencies effective on that date for the selected target currency.


Element	Description
To Currency	The identifier of the target currency for which the exchange rates of source currencies are entered and listed on the Currency Rate Entry and Effective Currency Rates tabs, respectively. By default, the system selects the base currency in this box.
Effective Date	The effective date of the exchange rates: On the Currency Rate Entry tab, this value is used as the default effective date, which the system inserts in the Currency Effective Date column when you add a row and enter the rate details in the table. This value can be overridden. On the Effective Currency Rates tab, the system displays the list of currency pairs with the rates that are effective on the specified date.

Currency Rate Entry Tab

On this tab, you can enter the exchange rate for the source currency to be used with the selected target currency.

The table toolbar includes only standard buttons. For the list of standard buttons, see Table Toolbar.


Column	Description
From Currency	The ID of the currency whose exchange rate is shown for the To Currency.
Currency Rate Type	The currency rate type specified for the selected currency pair.
Currency Effective Date	The date on which the currency rate in this row becomes effective.
Currency Rate	The currency exchange rate. For currency conversion, the system uses it along with the operation specified in the Mult./Div. column. When a value is converted from the From Currency to the To Currency, the value is multiplied or divided by the rate you specify here.
Mult./Div.	The operation to be used for currency conversion: Multiply or Divide. The operation is applied to the currency to which the conversion is performed to get the currency selected in the row. For details, see Configuration of Rate Types and Rates: General Information.
Rate Reciprocal	The value that is inverse to the specified exchange rate. This automatically calculated value is listed for informational purposes.

Effective Currency Rates Tab

The table on this tab lists the exchange rates that are effective on the selected effective date.

The table toolbar includes only standard buttons. For the list of standard buttons, see Table Toolbar.


Column	Description
From Currency	The currency whose exchange rate is shown for the To Currency.
Currency Rate Type	The currency rate type specified for the selected currency pair.
Currency Effective Date	The date on which the currency rate in this row has become effective.
Currency Rate	The currency exchange rate. For currency conversion, the system uses it along with the operation specified in the Mult./Div. column.
Mult./Div.	The operation to be used for currency conversion: Multiply or Divide. For details, see Configuration of Rate Types and Rates: General Information.
Rate Reciprocal	The value that is inverse to the specified exchange rate. This automatically calculated value is listed for informational purposes.