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Expense Reports and the Euro


An expense report is automatically assumed to be reimbursed in the default currency, which is the currency of the user's country. However, a user may need to be reimbursed in a different currency, or may have expense report line items in different currencies.

Table 16 shows examples of how different rules apply to the exchange rate that appears automatically for expense reports, and whether or not the rules allow you to change the exchange rate. These rules depend on whether or not the currency being exchanged is a member of the European Monetary Union (EMU).

Table 16. Exchange Rate Behavior for Expense Reports
Incurred Currency
Reimbursement Currency
Exchange Rate Provided?
Exchange Rate Changeable?
Comments
EMU
EMU
Yes
No
The currencies have a fixed exchange rate through the Euro, and use a conversion process called triangulation.
Not EMU
EMU
Yes
Yes
You provide the exchange rate.
EMU
Not EMU
Yes
Yes
You provide the exchange rate.
Not EMU
Not EMU
Yes
Yes
You provide the exchange rate.
Any currency
Same as incurred currency
Yes; the exchange rate is 1
No
Because the two currencies are the same, you cannot change the exchange rate.


 Siebel Employee Relationship Management Administration Guide 
 Published: 18 April 2003