Setting Up Multiple Currency Rules

To set up multicurrency:

1. Define the following multicurrency definitions when you set up the following general options in PeopleSoft Financial Management:

   • Currency codes.

   • Market rates.

   • Currency quotations.

   • Currency controls, including a base currency for the business unit.

   • Currency precision.

     Note: Alternatively, you can define these multicurrency definitions within the Enterprise Performance Management database; however, you cannot export these definitions back to the Financial Management database.

2. Use the ETL process to update the PeopleSoft Enterprise Performance Management database.

   The multiple currency tables that are used by all PeopleSoft applications are populated.

3. Import data to use in Planning and Budgeting.

4. Set up multiple currency options in Planning and Budgeting as you define your budgeting parameters and build the model.

   This step includes defining:

   • Rate combinations to associate market rate types with each account type that is assigned to a scenario.

   • The planning model as a multiple currency budget using the Planning Model page.

   • View definitions to specify how currencies appear on line item budgeting pages.

   • Currency options to specify entry, entry default, and target currencies for a planning model.

     Rate combination is an attribute of a nonhistory scenario. A planning model can have a unique rate combination for each scenario, since the model's scenario group can have many scenarios for planning and budgeting. This allows you to use scenarios for planning different assumptions about future exchange rates. All scenarios share the same currency option for entry, default, and target.