Data Definition: Float
Form Label (Field Label): Rate in Project Currency
# of Characters: Not applicable
Where to Use it:
- Upper forms of Cost BPs in standard projects and also CBS and generic shells.
- Can be used for:
- Formulas
- Email notifications
- Unifier on mobile
- Data cubes
- Data views
Use this element for: Use this element to compute the project currency rate, based on the transaction currency and the current exchange rate. The resulting field will be read-only.
Unifier uses this exchange rate for computing project currency amounts.
Example
A multinational company might create purchase orders in different currencies, Euro, US$, and Chilean Pesos. The company has an approval matrix based on the Euro, so the currency amount of each PO must be converted to Euro.
This element will reflect the locked exchange rate based on the selected transaction currency at the time the record is created and sent (for a workflow BP) or edited and completed (non-workflow BP) for the first time.