If your organisation operates in regions with currencies that are different from that used in Head Office, you need to create Currency Conversion Rates.
Note: Currency conversation rates may only be edited for future dates. You cannot edit the rate for the current day, or for past dates.
| Option | Allowed Values | Description |
|
Currency |
Any configured Currency |
The Currency to be converted when uploading data to Head Office. |
|
Effective date |
Any date, in your computer's local date format |
The date from which the Currency Conversion Rate is effective. |
|
Conversion rate |
Any number |
The foreign currency value of one unit of local currency. For example: Local currency: NZ Dollars Foreign currency: US Dollars If the conversion rate is 0.83, for every 1 NZ Dollar you will receive 83 US cents. |
|
1/Conversion Rate |
Any decimal number up to 8 decimal places |
The local currency value of one unit of foreign currency. For example: Local currency: NZ Dollars Foreign currency: US Dollars If the 1/conversion rate is 1.20, for every 1 US Dollar you will receive 1.20 NZ Dollars. |
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