Manage currency rates /visma-net-erp/help/currency-management/manage-currency-rates section In Visma Net, you can maintain the exchange rates of foreign currencies with respect to the base currency or any other foreign currency as frequently as needed. 2026-02-19T17:09:06+01:00 # Manage currency rates In Visma Net, you can maintain the exchange rates of foreign currencies with respect to the base currency or any other foreign currency as frequently as needed. + You can configure any required currency in the system, and enter effective rates for the currencies on any selected date. + You can then view the rates that were effective on a specific date as well as review the rate history for any required currency pair. + You can also configure different parameters for the same currency pair that can be used in operations with different suppliers or customers. + To do this, you create a rate type, and the rate type provides all currencies configured in the system with the particular parameters you specify. + The system allows you to create any number of rate types. + You can also turn on the automatic import of currency rates that is available from AutoPay Create a rate type /visma-net-erp/help/currency-management/manage-currency-rates/create-a-rate-type section 2026-02-19T17:09:06+01:00 # Create a rate type 1. Go to the [Currency rate types (CM201000)](/visma-net-erp/help/currency-management/currency-management-windows/currency-rate-types-cm201000/) window. 1. Click ![icon-add](/media/visma-net-erp/icon-add.png). 1. In the **Rate type ID** field, enter the unique ID you want to use for the rate type being created. 1. In the **Description** field, enter a detailed description of the rate type that will help you to identify this type later. 1. Optional: In the **Days effective** field, specify the number of days during which the rate is considered current for currencies of the type starting from the **Currency effective date** specified in the [Currency rates (CM301000)](/visma-net-erp/help/currency-management/currency-management-windows/currency-rates-cm301000/) window. 1. Click ![icon-save](/media/visma-net-erp/icon-save.png). About currency rate entry /visma-net-erp/help/currency-management/manage-currency-rates/about-currency-rate-entry page In Visma Net, you can add multiple currencies and specify multiple exchange rates for each particular currency pair. 2026-02-19T17:09:06+01:00 # About currency rate entry In Visma Net, you can add multiple currencies and specify multiple exchange rates for each particular currency pair. In Visma Net, you can add multiple currencies and specify multiple exchange rates for each particular currency pair. You enter an exchange rate by adding a new record manually in the [Currency rates (CM301000)](/visma-net-erp/help/currency-management/currency-management-windows/currency-rates-cm301000/) window. ## Adding the currency exchange rate + You record the currencies' exchange rates in the [Currency rates (CM301000)](/visma-net-erp/help/currency-management/currency-management-windows/currency-rates-cm301000/) window. + You specify rates for the currencies of each rate type with respect to the currency selected in the **To currency** field. + To set up different exchange rates for the same currency pair, you need to create different rate types in the [Currency rate types (CM201000)](/visma-net-erp/help/currency-management/currency-management-windows/currency-rate-types-cm201000/) window, and assign each of them to the same currency pair. The rate values are recorded to the database with at least six significant digits. + You need to decide which operation ( **Multiply** or **Divide** ) should be used for the conversion of each particular currency pair and select an appropriate option in the **Mult/div** column. + Each record in the table contains the rate and the date when the rate becomes effective. The system uses the rate for currency conversions for all documents with later dates until a new rate is recorded. + When the next record for the same rate type is entered, the rate value becomes a historical rate and can be used as an effective rate for operations that took place between the two dates. Historical rates are stored in the database for all financial years defined in the system. For details, see: [About historical currency rates.](/visma-net-erp/help/currency-management/manage-currency-rates/about-historical-currency-rates/) + Rates specified with respect to any currency other than the base currency are used only for translations. + Exchange rates can be recorded as often as is needed for a particular foreign currency. All previous values are kept in the database. Add a currency rate /visma-net-erp/help/currency-management/manage-currency-rates/add-a-currency-rate section You use the Currency rates (CM301000) window to add a currency rate in Visma Net. 2026-02-19T17:09:06+01:00 # Add a currency rate You use the Currency rates (CM301000) window to add a currency rate in Visma Net. For more information: [Currency rates (CM301000)](/visma-net-erp/help/currency-management/currency-management-windows/currency-rates-cm301000/). ## Before you proceed Before adding a currency rate, make sure of the following: + The required currencies have been configured in the [Currencies (CM202000)](/visma-net-erp/help/currency-management/currency-management-windows/currencies-cm202000/) window. + An appropriate rate type to be assigned to the currency rate has been created in the [Currency rates (CM301000)](/visma-net-erp/help/currency-management/currency-management-windows/currency-rates-cm301000/) window. 1. Go to the [Currency rates (CM301000)](/visma-net-erp/help/currency-management/currency-management-windows/currency-rates-cm301000/) window. 1. In the top part, in the **To currency** field, select the currency (by its ID) with respect to which the currency rate will be added. 1. In the **Effective date** field, specify the date when the exchange rate becomes effective. 1. On the **Currency rate entry** tab, on the table toolbar, click ![icon-add](/media/visma-net-erp/icon-add.png). 1. In the **From currency** field, select the currency (by its ID) whose exchange rate will be shown with respect to the **To currency**. 1. In the **Currency rate type** field, select the rate type to which the currency rate being created will be assigned. 1. In the **Currency effective date** field, specify the date when this currency rate becomes effective. By default, the current business date is specified. 1. In the **Currency rate** field, specify the rate value. 1. Define whether the entered rate should be multiplied or divided in the field **Mult/Div**. The **rate reciprocal** will now be automatically calculated and shown in the respective field. 1. Click ![icon-save](/media/visma-net-erp/icon-save.png). The currency rate is now added to the system and it is ready to use.

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 About historical currency rates /visma-net-erp/help/currency-management/manage-currency-rates/about-historical-currency-rates page You can record currency exchange rates any time for a particular currency. 2026-02-19T17:09:06+01:00 # About historical currency rates You can record currency exchange rates any time for a particular currency. You can record currency exchange rates any time for a particular currency. Each record contains the date when the rate becomes effective. When the next record for the same rate type is entered, the rate value becomes a **historical rate** and can be used as the effective rate for operations that take place between the two dates. It is not recommended to change the value of the exchange rate if any transactions were based on the historical rate. ## Viewing the historical currency rates You can view historical rates by using the [Currency rates (CM301000)](/visma-net-erp/help/currency-management/currency-management-windows/currency-rates-cm301000/) window. Select the target currency (**To currency**) and the required date (**Effective date**). The list of historical rates that were effective on the selected date will appear in the table on the **Currency rate entry** tab. The list will include the rates for all the currencies with respect to the target currency and the currency rate types. ## Using the historical currency rates You can use the historical rates for entering back-dated transactions and for calculating realised and unrealised gains and losses.