Use exchange rates to convert values from one currency to another. You can:
Enable budget preparers in various countries to create plans in other currencies
Show summary report data in a currency
Summarize values from multiple currencies into one currency
For example, you might specify yen as the base currency for the Japan entity and US dollars for the United States entity. When you display a data form having values for the Japan entity and the data form’s display currency is set to US dollars, the exchange rates for the yen is used to convert the values for Japan to US dollars. If the display currency is set to yen, the exchange rates for US dollars converts values for the United States entity to yen.
To specify exchange rates, you must set up multiple currencies when creating applications.