EXCHANGE RATES

Transaction Currency

This field displays the transaction currency for the selected row. You can use the drop-down box to change the transaction currency for this row. The default rate group is selected from the Multicurrency subtask of the Maintain Vendors screen in Costpoint Accounts Payable. If no default has been selected for the vendor, the default rate group is selected from the Multicurrency Settings screen in Costpoint Multicurrency.

Rate Group

The multicurrency default rate group displays in this field. You determine the rate group default in the Maintain Vendors Screen in Costpoint Accounts Payable. If no default has been entered there, the rate group will default from the Multicurrency Settings screen in Costpoint Multicurrency. Both the Trans and Pay currencies must have been saved in the rate group you select here. This is done in the Maintain Exchange Rate Groups screen in Costpoint Multicurrency.

Transaction Currency to Functional Currency Exchange Rate Info

Rate Date

This field displays the invoice date on the main screen.

Rate

This field mimics the Trans to Func field rate when non-Euro currencies are used. When a Euro currency is used, this field will display the product of the Trans to Euro and Euro to Func fields. The fraction that is displayed to the right of the Trans to Euro field is the value of one divided by the Euro to transaction currency exchange rate.

Freeze Rate

Select this checkbox to hold the last rate saved in these fields. Other rates can be entered, but they will not be saved unless this checkbox is unchecked.

Trans to Func or Trans to Euro

For those transactions that involve countries that are EC members, this field will be titled Trans to Euro and will display the rate for the transaction to Euro currency. This field will display as Trans to Func if non-EC currencies are being exchanged.

N/A or Euro to Func

For those transactions that involve countries that are EC members, this field will be titled Euro to Func and will display the rate for the Euro to Functional currency. This field will display as N/A if non EC currencies are being exchanged.

Change Rates

Select this pushbutton to refresh the Rate field with information from the Trans to Func or Trans to Euro field.