Configuring Exchange Rate Configuration

Owned by Enterprise IT
May 29, 2024

You can configure exchange rate of the Currency Units for each Tenant.

To configure exchange rate for currencies:

  1. Select Procurement > Configuration > Exchange Rate Configuration.
  2. On the CURRENCY MASTER  page, click ADD NEW on the ACTIONS panel. The EXCHANGE RATE CONFIGURATION page is displayed.


    Figure: EXCHANGE RATE CONFIGURATION page

  3. Select the Tenant, fill in the required details, and then click SUBMIT. For more information about the fields on the EXCHANGE RATE CONFIGURATION page, see Field Description.

    Note:

    If the Base Currency for the Tenant is not configured, configure the Base Currency by clicking the BASE CURRENCY action item on the EXCHANGE RATE CONFIGURATION list page.

Field Description

The following table describes the fields on the EXCHANGE RATE CONFIGURATION  page:

Field

Description

Base Currency

Displays the Base Currency for the selected Tenant. The Currency Rate is calculated based on the selected Base Currency value.

Currency

Displays the list of Currencies. Select the Currency for which you want to configure the Rate.

Currency Rate

Specify today's Rate for the Currency that you selected in the Currency drop-down list.

Date

Displays today's date.

Is Default?

If selected, the configured Currency becomes active.

ACTIONS

This section explains all the icons displayed on the ACTIONS panel of the EXCHANGE RATE CONFIGURATION page.

SHOW LIST

Click SHOW LIST to display the LIST table showing all the exchange rates configured for currencies.


Figure: CURRENCY MASTER page

  • To edit a Currency, click the configured Currency Unit. Make the appropriate changes, and then click SUBMIT.


ACTIONS

When the configured Currencies are displayed under the LIST table, the following Actions are displayed on the ACTIONS panel.

  • Click ADD NEW to configure a new Currency.
  • Click COPY CURRENCY to copy the Currencies from an existing Tenant to this Tenant.
    Select the Tenant from the Copy From drop-down list. All the configured Currencies are copied from the selected Tenant to the Tenant displayed in the Copy To field. Select the Overwrite already Configured Currencies check box to overwrite the existing Currency configurations and replace with the Currency configurations available in the Tenant selected in the Copy From drop-down list.


    Figure: COPY CURRENCY pop-up page

  • Click BASE CURRENCY to configure a Base Currency so that all the new Currency configurations are calculated based on the selected Base Currency.


    Figure: BASE CURRENCY pop-up page

  • Click PRINT to print the records displayed on this page.
  • Click EXPORT TO EXCEL to export the records displayed on this page to a Microsoft Excel sheet.
Filters

Click Filters to specify the filter criteria to view a particular set of Currencies, and then click SUBMIT.


Figure: FILTERS pop-up page