Euro Conversion

The following table contains information on how currencies are to be converted and in which window the exchange rate has to be entered.

Generally:

• The exchange rates of foreign EMU countries’ currencies (European Monetary Union) are to be determined in the window Payment Type (predefined by the MICROS Retail OSCAR POS application).
• If one of the currencies is an EMU currency, the  conversion will take place via the EURO (dom. curr. -> Euro -> foreign curr.). A direct conversion is only possible with currencies of non-EMU countries (Foreign curr.-> foreign curr., cp example. 4).
• As soon as you create a single EMU currency in your MICROS Retail OSCAR POS application, the exchange rate in Euro must be defined in the window “Payment Type” – even if your domestic currency is not an EMU currency.

* 1 unit of the domestic currency converted into Euro (Field EURO exchange rate)
** 1 unit of the foreign currency converted into Euro (Field EURO exchange rate)
*** The exchange rate of the foreign currency is updated in the window "Exchange Rate".

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Germany