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 for a range of days. These rates will be the defaults for the Exchange Rates subtask that appears throughout Costpoint Accounts Payable and Purchasing.
Use the fields in this block to specify rate group information about your currency.
Enter, or use Lookup to select, the rate group. You created the rate group in the Maintain Exchange Rate Groups screen.
The rate group description will display in the unnamed field to the right.
This field displays the rate source that is currently linked to your Rate Group.
You created the rate source in the Maintain Exchange Rate Sources screen and selected it for use in the Multicurrency Settings screen.
The rate source description will display in the unnamed field to the right.
Enter the beginning date for these currencies and rates.
The Starting Date must occur within the activation range (Activation Date - Expiration Date) for this currency.
You created the activation range in the Currency Status screen. The system uses these rates when calculating unrealized gains and losses.
Select the New Record icon on the toolbar to enter a new row.
Enter the last date for these currencies and rates. The system will use these rates when calculating gains and losses.
Enter, or use Lookup to select, the currency code that will be translated.
Only those combinations of Currency From/Currency To currencies that you 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 Currency From/Currency To currencies that you created in the Maintain Exchange Rate Groups screen are permitted in this table.
Rate Amt *
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.
Select a line in the table window, then select this pushbutton.
Doing this will create a new line in the table window with the Currency From and the Currency To columns reversed.
* A red asterisk denotes a required field.
Changes to this screen update the RT_BY_DT (Rate By Date) table.