Using Period Rates with European Monetary Union Currencies (Oracle General Ledger Users' Guide)


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Using Period Rates with European Monetary Union Currencies

General Ledger is able to derive certain period-average and period-end rates when the to-currency has a Euro, EMU, or Interim EMU currency derivation (see: Currency Derivations). In all other cases, you must specifically enter the appropriate rates using the Period Rates window.

The tables below summarize those situations when you must enter rates versus those where General Ledger is able to derive the rates.

Note: You cannot change derived rates.

Period-Average Rates

Currency Derivation of
From-Currency (Note 4) Currency Derivation of To-Currency

Other Euro EMU Interim EMU

Other Entered Entered (Note 1) Derived (Note 1) Entered

Euro Entered N/A Derived (Note 2) Entered

EMU Entered Derived (Note 2) Derived (Note 2) Entered

Interim EMU Entered Entered Entered Entered

Table 1 - 24. Period-Average Rates (Page 1 of 1)

Currency Derivation of From-Currency (Note 4)	Currency Derivation of To-Currency
Other	Euro	EMU	Interim EMU

Other	Entered	Entered (Note 1)	Derived (Note 1)	Entered
Euro	Entered	N/A	Derived (Note 2)	Entered
EMU	Entered	Derived (Note 2)	Derived (Note 2)	Entered
Interim EMU	Entered	Entered	Entered	Entered
Table 1 - 24. Period-Average Rates (Page 1 of 1)

Period-End Rates

Currency Derivation of
From-Currency (Note 4) Currency Derivation of To-Currency

Other Euro EMU Interim EMU

Other Entered Entered (Note 1) Derived (Note 1) Entered

Euro Entered N/A Derived (Note 2) Derived (Note 3)

EMU Entered Derived (Note 2) Derived (Note 2) Derived (Note 3)

Interim EMU Entered Derived (Note 3) Derived (Note 3) Derived (Note 3)

Table 1 - 25. Period-End Rates (Page 1 of 1)

Currency Derivation of From-Currency (Note 4)	Currency Derivation of To-Currency
Other	Euro	EMU	Interim EMU

Other	Entered	Entered (Note 1)	Derived (Note 1)	Entered
Euro	Entered	N/A	Derived (Note 2)	Derived (Note 3)
EMU	Entered	Derived (Note 2)	Derived (Note 2)	Derived (Note 3)
Interim EMU	Entered	Derived (Note 3)	Derived (Note 3)	Derived (Note 3)
Table 1 - 25. Period-End Rates (Page 1 of 1)

Notes

Running the Maintain Euro Period Rates Program

2. Rate are derived automatically when you open a new period or a new budget year. Also, every time you add or change an EMU currency, you should run the Maintain Euro Period Rates program to update your derived period rates.

3. The rate is derived from the Period Rates window when you enter the period-average rate for the period.

4. The from-currency is also your set of books' functional currency.

Currency Derivations

General Ledger recognizes four currency derivations that can result depending on the value of the Currency Derivation Type and Currency Derivation Effective fields of the Currencies window. These currency derivations are summarized in the table below.

Currency Derivation Currency Derivation Type Currency Derivation Effective
Examples and Notes

Other Null (blank) n/a USD, JPY, AUD, etc.
Currencies of countries that are not members of the European Monetary Union.
Note: National currencies of EMU member states are treated as having a currency derivation of Other for periods preceeding their effective starting date in the European Monetary Union.

Euro Euro Currency n/a EUR
The official single currency of the European Monetary Union.

EMU EMU Derived Any day of the effective starting period. FRF, DEM, BEF, etc.
Period Rates Note: National currencies of EMU member states for all full periods following the effective starting date are considered to have a currency derivation of EMU.

Interim EMU EMU Derived Other than first day of the effective starting period. FRF, DEM, BEF, etc.
Period Rates Note: National currencies of EMU member states for the effective starting period are considered to have a currency derivation of Interim EMU.
Note: Applies only when the effective starting date is not the first day of the period. Also, the currency derivation is only in effect for the first period. It becomes EMU for all subsequent periods.

Table 1 - 26. Currency Derivations (Page 1 of 1)

Currency Derivation	Currency Derivation Type	Currency Derivation Effective	Examples and Notes

Other	Null (blank)	n/a	USD, JPY, AUD, etc. Currencies of countries that are not members of the European Monetary Union. Note: National currencies of EMU member states are treated as having a currency derivation of Other for periods preceeding their effective starting date in the European Monetary Union.
Euro	Euro Currency	n/a	EUR The official single currency of the European Monetary Union.
EMU	EMU Derived	Any day of the effective starting period.	FRF, DEM, BEF, etc. Period Rates Note: National currencies of EMU member states *for all full periods* following the effective starting date are considered to have a currency derivation of EMU.
Interim EMU	EMU Derived	Other than first day of the effective starting period.	FRF, DEM, BEF, etc. Period Rates Note: National currencies of EMU member states for the effective starting period are considered to have a currency derivation of Interim EMU. Note: Applies only when the effective starting date is not the first day of the period. Also, the currency derivation is only in effect for the first period. It becomes EMU for all subsequent periods.
Table 1 - 26. Currency Derivations (Page 1 of 1)

Using Period Rates with European Monetary Union Currencies

Notes

Currency Derivations

See Also