Understanding Price List Exchange Rate Setup

When you generate price lists, you have the option of using a price list exchange rate to calculate the target price. This rate is independent of the JD Edwards EnterpriseOne standard exchange rate used in the Financials system. The apparel industry typically needs to set up style items and prices for future seasons, the exchange rate enables you to calculate what you think the exchange rate will be at that time and then use that exchange rate to arrive at the base price for your style items.

You can have multiple currency rates with effective dates. The system uses the rate defined for the closest preceding effective date from the system date. For example, if your company's currency is the Euro, then you can convert Euros into various other currencies, like U.S. dollars and Japanese yen, using a user-defined exchange rate. Use the Price List Exchange Rates program (PCW22) to set up price list exchange rates. The system uses the price list exchange rates during price list generation. The system stores this information in the Price List Exchange Rate table (FCW38).