For a single-currency application, all entities use the currency selected when the application was created. For a multicurrency application, the selected Currency member on forms determines the currency in which values display. When the Currency member Local is selected for rows or columns, no currency conversion occurs for those rows or columns, and users can enter data for the entities in their native currency. If a currency member other than Local is selected, data values are converted to the selected currency for that row or column, and the form is read-only. You can enter data in rows or columns that have Currency or Local as the selected member. See Designing Forms for Multiple Currencies.