You use this program to define historical exchange rates that apply to currencies from a specific date.
This enables various programs to apply an appropriate exchange rate where normally no exchange rate exists.
| Field | Description |
|---|---|
| Add | Select this icon to add a new historical exchange rate for the selected currency. |
| Delete | Select this to delete the entry currently highlighted in the listview. |
| Save | Select this icon to save your changes. |
| Currency | Indicate the currency for which to view or maintain historical information. |
| Field | Description |
|---|---|
| Effective date | Enter the date from which the Rate must be used to convert transaction values. These rates are updated automatically whenever the standard exchange rates are amended within the Currencies program. You can only access this field when adding historical exchange rates. |
| Rate | Enter the rate to use to convert transactions entered
in a foreign currency to local currency. Note that this rate is the buying rate. If you are using triangulation, then this rate is used to convert from the foreign currency to the intermediate currency. |
| Multiply/Divide | Enter M if the
exchange rate must be multiplied to calculate the local
currency. Enter D if the exchange rate must be divided to calculate the local currency. |
| Reason for rate change | Enter a notation to describe the reason for the exchange rate change. |
| Triangulation required | Select this to convert to the local currency using an
intermediate currency (to conform with EMU
regulations). Triangulation is a requirement of the European Monetary Union that caters for a currency conversion from foreign to local using an intermediate currency such as the Euro. |
| Triangulation currency code | Indicate the intermediate currency that must be used to convert transactions entered in a foreign currency to the local currency. |
| Operator | This indicates the code of the operator who maintained the rate. |