Bookshelf v7.5: Understanding Currency Exchange Rates (Administrator)

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.

In these cases, Siebel applications automatically display an exchange rate. Whether or not users can change the rate that is automatically displayed depends on whether the expense was incurred in the currency of a member country in the European Monetary Union (EMU) and whether the reimbursement will be in an EMU currency. Details about exchange rate behavior are shown in Table 5. for information about creating or adding currencies, see Siebel Applications Administration Guide.

Table 5. Exchange Rate Behavior for Expense Reports
Incurred Currency	Reimbursement Currency	Exchange Rate Provided by Application?	Exchange Rate Changeable by User?	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	Users can specify a nondefault exchange rate.
EMU	Not EMU	Yes	Yes	Users can specify a nondefault exchange rate.
Not EMU	Not EMU	Yes	Yes	Users can specify a nondefault exchange rate.
Any currency	Same as incurred currency	Yes; the exchange rate is 1	No	Because the two currencies are the same, users cannot change the exchange rate.