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:

System Effects

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