Understanding Multiple Exchange Rate Setup

To set up multiple exchange rates for a single currency, you can use either the Currency Exchange Rate Entry program (P0015A) or the Currency Exchange Rates Speed Revisions program (P11154). The Currency Exchange Rates Speed Revisions program has several advantages including:

• You do not have to enter individual from currencies one at a time to enter associated exchange rates.

  Instead, you can enter exchange rates for multiple from currencies to a single to currency at one time on the same form.

• You use this program to enter new exchange rates for existing currency relationships only, which makes it appropriate for quick data entry and daily use.

  To set up new currency relationships or to change the calculation or conversion method, you must use the Currency Exchange Rate Entry program.

• You can view all currency rates associated with a specific currency at one time.

The Currency Exchange Rates Speed Revisions program updates exchange rates that are stored in the F0015 table.