Siebel Forecasting Guide > Forecasting Prerequisites >
About Setting Up Currency Exchange Rates for Forecasting
The Siebel application uses Currency Exchange Rates to convert monetary amounts from one currency to another. To calculate exchanges between currencies, you must set up an exchange rate twice—one for each currency. For instance, if you want to calculate the exchange rate between the U.S. dollar and the Japanese yen, you must set up an exchange rate for yen to dollars, and set up another rate for dollars to yen.
Currency exchange rates not found in Siebel Business Applications are assumed to be on a 1:1 basis. For additional information about setting up exchange rates, see the chapter that discusses ongoing administrative tasks in Siebel Applications Administration Guide.