Use this screen to maintain currency exchange rates if you track rates on a daily or a weekly basis. This screen is especially useful if you have many different currencies to enter, and is also helpful for maintaining currencies that fluctuate widely.
You can enter daily exchange rates at any time and these rates can be for one day or a range of days. These rates will be the defaults for the Exchange Rates subtask that appears throughout Costpoint Accounts Payable and Purchasing.
Enter, or use Lookup to select, the rate group. This rate group was created in the Maintain Exchange Rate Groups screen. The rate group description will be displayed in the field to the right. This is a required field.
This field displays the rate source that is currently linked to your Rate Group. This rate source was created in the Maintain Exchange Rate Sources screen and was selected for use in the Multicurrency Settings screen. The rate source description will be displayed in the field to the right.
Enter the beginning date for these currencies and rates. This is a required field. The Starting Date must occur within the activation range (Activation Date - Expiration Date) for this currency. The activation range is created in the Currency Status screen. The system will use these rates when calculating unrealized gains and losses.
Enter the last date for these currencies and rates. This is an optional field. The system will use these rates when calculating gains and losses.
Use this pushbutton to display all daily currency combinations that have this Rate Group/ Rate Source combination and that begin on the Starting Date.
Select the New Line button on the toolbar to enter a new row.
Enter, or use Lookup to select, the currency code that will be translated. Only those combinations of from/to currencies that were created in the Maintain Exchange Rate Groups screen are permitted in this table.
Enter, or use Lookup to select, the currency code to which the Currency From will be translated. Only those combinations of from/to currencies that were created in the Maintain Exchange Rate Groups screen are permitted in this table.
Enter the exchange rate to be used for currency conversion. This number will be multiplied by the Currency From to obtain the Currency To.
Enter any notes (up to 254 alphanumeric characters) to be used in reference to this currency conversion.
The formal name for the currency code in the Currency From column is displayed here.
The formal name for the currency code in the Currency To column is displayed here.
Changes to this screen update the RT_BY_DT table.