How to Revalue Currency

Revaluation is changes in the value of a country's currency relative to other currencies.  Transactions can be made in different currencies, International companies can make purchases in foreign currency, whereas their Functional Currency is the home currency. 

Pre-condition:

1. Assign the current exchange rates of the foreign currency to functional currency.
   Go to Common info > Currency Exchange rate.
2. Close the period to be revalue. Go to Fiscal Year > Open the Fiscal Year of the period to revalue > Close the period of the module.
   

Here are the steps on how to Revalue Currency:

1. From General Ledger menu, click revalue currency
2. Click new button to open blank revalue multi-currency screen.