Translation Rate Override

A translation rate change allows you to use a different exchange rate for a rate type without altering the Reporting Exchange Rate. This will only impact the translation of General Ledger accounts using the Override rate type of the translation rate change code.

An change code set up can be selected in the Generate Translation process, in which case it applies to that translation run only.

Once an change is used in a translation, it becomes read only. You can use the same change code in multiple translations. Override rates are specific to a currency combination (for example, from AUD to NZD) and a translation rate type (for example, Spot).

The Base currency defaults in read-only format to the current company's base currency. The Translation currency is the currency that the ledger will be translated into. The Override rate is associated only with the specified Override rate type, and this is the rate used in the translation process if the change code is selected to apply at that time. The rate defaults to the current period value for the selected rate type.