Currency Conversion Codes

To apply time-phased factors when importing or exporting international currency, use these optional fields. You can set up export and import conversion rates for as many different international currencies as needed.

You must establish the export/import conversion codes in the Resources and Burdens in your Global file prior to building your transfer file. Data is entered in the same manner and with the same constraints as other resource codes. See Introduction to Defining Resources for details.

For example, if $100 = 200 deutsche marks (DM), the export conversion rate would be 2.00 and the import conversion rate would be .50.

The Baseline Rate Table is used for Baseline, ETC and Actuals.

Setting Up Export Conversion Codes

To set up Export Conversion Codes, complete the following steps:

  1. From the Menu Manager, click the Globals tab and select Resources and Burdens.

  2. Enter data in the following fields in the Resources tab of the Resources and Burdens window:

  3. Resource Code — DOL2DM

  4. Description — DOLLARS TO MARKS

  5. Rate — 2.00

  1. Repeat the rate for the duration of your calendar or contract. You can use the automatic rate escalation feature just as with any other resource rate.

  2. Save this data as part of your Resources and Burdens.

  3. Enter DOL2DM in the Export Conversion Code field whenever you want to convert dollars to DMs using this conversion rate.

Setting Up Import Conversion Codes

To set up Import Conversion Codes, complete the following steps:

  1. From the Menu Manager, click the Globals tab and select Resources and Burdens.

  2. Enter data in the following fields in the Resources tab of the Resources and Burdens window:

  3. Resource Code — DM2DOL

  4. Description — MARKS TO DOLLARS

  5. Rate — .50

  1. Repeat the rate for the duration of your calendar or contract. You may use the automatic rate escalation feature just as with any other resource rate.

  2. Save this data in the Resource window.

  3. Enter DM2DOL in the Import Conversion Code field whenever you want to convert DMs to dollars using this conversion rate.