Currency Translator expresses data in international currencies when creating multinational financial models. For example:
A financial model including international subsidiaries, and the data is in different currencies.
Associates or lenders in other countries need your data expressed in their national currency.
Using Currency Translator, you add exchange rates to financial models and assign those rates to currency accounts to translate the data to a new currency. After you translating, you can view or print reports showing the results.
If you are translating data from a company in a country with high inflation, please review Currency Translator Calculations before translating the data—you should remeasure the data first.
Note: | Use Currency Translator to apply rates to currency accounts only. You cannot apply rates to accounts expressed in items or ratios. |