The next step in the process is that the user first creates an attribute which takes in amounts (or monetary value) in local currency of the entity. While creating or editing that attribute, in the Edit Attribute dialog, there is a property called Currency. If you choose the value Entity Currency for that property, that particular attribute will inherit the currency from the entity to which the form template is being deployed to. You can overwrite it by selecting a different currency that is displayed.
To demonstrate, here's an example with a simple data set of Employee Meal Expenses that inputs meal expense data values manually in the local currency from entities around the globe. You can choose whether it needs to follow the Entity currency or overwrite it.
The attributes include: Employee ID, Employee Name, Meal Type, Amount, and Amount in HQ Currency. The goal is to take the Amount and translate into Amount in HQ Currency which is USD (dollars).
To translate local currency of input values into HQ currency:
Let's take a look at the Monthly Meal Expenses for India. Once you enter the "Amount", the translated currency value shows up once you Save it. Note that the translation is calculated using the values from exchange rate table.