Translation Rate Override

You can change a translation rate to use a different exchange rate for a rate type without altering the reporting exchange rate. This changes the translation of general ledger accounts using the Override rate type of the translation rate change code.

If you can select a change code during the Generate Translation process, and it applies to that translation run only.

Once a 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 is 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 applied at that time. The rate defaults to the current period value for the selected rate type.