Setting Up an Exchange Rate for the No Inverse Method
Access the Revise Currency Exchange Rates form.
- No Inverse Method
Select this option to use the no inverse calculation method for the currency relationship.
If you are setting up a new exchange rate for an existing currency relationship, the default calculation method is retrieved from the previous exchange rate record for that currency relationship.
The system automatically creates a corresponding exchange rate record in the opposite direction. For example, if you set up an exchange rate record for the no inverse method from CAD to JPY with conversion method Z (divisor), the system automatically creates a record from JPY to CAD for the no inverse method with conversion method Y (multiplier). The exchange rate on both records is the same rate.
If you enter an exchange rate that exceeds the previous exchange rate by more than the tolerance limit that is specified in the processing option, you receive a warning. To override the warning and use the new exchange rate, click OK twice.
If a rate exists for the effective date and rate type (if applicable) that you entered, you receive an error message.