Currency rates (CM301000)
In this window, you can maintain and view rates that were effective on a specific date and enter new effective rates for multiple currencies.
The rates defined with respect to currencies other than the base currency are used for translations only.
The top part
In the top part, you can select a currency and a date to view the exchange rates of other currencies on that date with respect to the selected currency, and enter new rates.
| Element | Description |
|---|---|
| To currency | The currency (listed by its ID) that the exchange rates of other currencies are listed with respect to in the Rate details table (in the Currency rate entry tab). By default, this currency is the base currency. You can add currencies in the Currencies (CM202000) window. |
| Effective date | The particular date for which you can view the exchange rates (with respect to the selected currency). Also, this is the effective date for any new rates you enter. The value that you specify in this field is used differently on the Currency rate entry and Effective currency rates tabs in this window.
|
The Currency rate entry tab
The table on this tab lists the effective exchange rates on the selected date (if any). On this tab, you can enter an exchange rate for a required currency pair.
| Column | Description |
|---|---|
| From currency | The ID of the currency whose exchange rate is shown with respect to the To currency. |
| Currency rate type | The rate type specified for the selected currency pair. |
| Currency effective date | A certain date on which the currency rate becomes effective. |
| Currency rate | The currency exchange rate. For currency conversion, this rate is used along with the operation specified in Mult./div. The value normally indicates the number of currency units per one unit of the other currency. |
| Mult./div. | The operation required for currency conversion: Divide or Multiply. |
| Rate reciprocal | The value that is inverse to the specified exchange rate. This automatically calculated value is listed primarily for informational purposes but can be used for some inverse transactions. |
The Effective currency rates tab
The table on this tab lists the exchange rates that are effective on the selected date.
| Column | Description |
|---|---|
| From currency | The currency whose exchange rate is shown with respect to the currency selected as the To currency. |
| Currency rate type | The rate type specified for the selected currency pair. |
| Currency effective date | A certain date on which the currency rate becomes effective. |
| Currency rate | The currency exchange rate. For currency conversion, it is used along with the operation specified in Mult./div. The value normally indicates the number of currency units per one unit of the other currency. |
| Mult./div. | The operation required for currency conversion: Divide or Multiply. |
| Rate reciprocal | The value that is inverse to the specified exchange rate. This automatically calculated value is listed primarily for informational purposes but can be used for some inverse transactions. |