Exchange Rates

  • Currencies in which the company is operating can be set in Banking and General Ledger -> Maintenance -> Currencies
  • Default Currency of Company is set in Setup -> Company Setup
  • Get Current Exchange Rates from the Web and set the optionally tweaked rate and Effective Date at Banking and General Ledger -> Exchange Rates
  • If any currency rate is huge against the domestic currency and the rounding errors are getting big, then increase the currency rate decimals in Preferences (Setup -> Display Setup) say from 4 to 6 or 8.
  • Exchange rate is got from selected web source when first transaction on the day made in a given currency is entered. So, if you do not make transactions on every day, you will not have complete exchange rate tables.