Enter Currency Rate

Explanation

This activity is used to enter or manually update the currency rates for the currencies used within a company. Exchange rates are specified for each currency in the applicable currency rate type. This task should be performed by a system administrator or equivalent person.

You can view rates that are valid only for today's date or view all currency rates for a specific currency code. This is useful when comparing a currency code's changes over a period. You can also automatically update currency rates using the Currency Update Assistant.

Prerequisites

In order to perform this activity:

• The currency code used as the reference currency when entering currency rates should be defined in the Currency Codes page.
• The currency rate type for which the the currency rates are entered should be defined in the Currency Rate Types page.

System Effects

As a result of this activity, the currency rates entered will be available to be used throughout IFS Cloud when converting amounts.

Pages

Currency Rates

Activity Diagrams

BDR General Cash Flow Analysis Information
BDR General Customer Invoice Information
BDR General Supplier Invoice Information
BDR for Cash Flow Analysis
Modify Currency Information