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Currencies can be assigned to divisions. The employees belonging to those divisions have that currency as their default currency. When those employees create new opportunities, the opportunities use the default (divisional) currency for that employee. The employee can accept the default currency for the majority of their opportunities, and can change the currency for occasional exceptions to the rule.
For example, an employee working in Germany might typically manage opportunities with German companies in Deutsche marks. That same employee might occasionally manage opportunities with French companies in French francs. The employee's divisional currency is Deutsche marks, but the employee can also create opportunities denominated in French francs.
Charts, reports, and forecasts in Siebel Forecasting refer to divisional currencies. When opportunities and products are shown, they are shown in their native currency, that is the currency that was entered by the end user. Native currencies are converted automatically for end users into their divisional currencies when displayed in a chart or report, or when displayed as totals for an employee in a forecast.
Organizations that use multiple currencies must set up exchange rates to convert monetary data from one currency to another. For more information on setting up currencies, see the chapter that discusses ongoing administrative tasks in Applications Administration Guide.
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