1. Base Currency Conversion Implementation Guide
  2. Example: Foreign Transactions That Are Not In the Currency of the New Base Currency

Example: Foreign Transactions That Are Not In the Currency of the New Base Currency

In this example, the EUR (euro) to CAD exchange rate (1.61289) from the F0015 table was used to calculate the original domestic amount before the conversion:

Ledger

Before Conversion

After Conversion

AA

3,225.78 CAD

2,200.98 USD

3,225.78 Ã 0.68231

CA

2,000.00 EUR

2,000.00 EUR

exchange rate = 1.10049

2,200.98 / 2,000.00

The base currency conversion converts and retains amounts in the F0911 table:

  • For the AA ledger, it converts the original domestic amount (3,225.78 CAD) to the new base currency amount (2,200.98 USD).

    The conversion program uses the CAD to USD exchange rate (0.68231) from the F0015 table and the multiplier method.

  • For the CA ledger, it retains the original foreign amount (2,000.00 EUR) but changes the exchange rate on the record to a calculated rate instead of retaining the original F0015 rate.