- On the user’s menu panel go to Common Info folder then click Currency Exchange Rates
- Click Insert button or click the blank row on the Currency panel to add a pair of currency exchange
- Select the created pair or currencies to enable to Exchange Rate Details
- Enter details (Rate, Rate Type and Effective Date) on the blank row of Exchange Rate Details panel
- Click Save toolbar button
- If there is a reciprocal value of the created From and To Currency like:
- The inversion rate will appear on the other direction i.e if you input a rate in EGP / USD, the inversion rate will be automatically added to the USD / EGP
Term | Description |
---|---|
From Currency | This is the currency that the transaction is conducted in |
To Currency | This the the currency that the customer is converting to. |
Rate | This is the exchange rate that is multiplied by the from currency to get equivalency in the to currency |
Rate type | This is an identifier that can be applied at the transaction level that allows the customer to maintain multiple rates. |
Effective Date | This is the date that the rate will begin to apply to transactions conducted in the to currency. Note that Effective Date is unique per rate type. |
Source | This shows if the rate is manually added or imported |
Created Date | This shows when the rate was created |
Overview
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