Add and Change Currency Conversion Rates for a Workforce Compensation Plan Cycle

All compensation areas, such as salary, individual and workforce compensation, and total compensation, convert values using general ledger daily rates. More specifically, the selected plan cycle uses these daily rates to convert the plan currency to people's local currencies in the enabled worksheets. Here's how you can manually manage specific currency conversion rates for the plan cycle, as needed:

1. On the plan cycle Active Plans page, Currency Conversion Rates tab, add a row. To change an existing rate, skip to step 3.
2. Select the To Currency code, such as CAD - Canadian Dollar.
3. Enter the conversion rate, such as 1.00695.
4. Repeat steps 1 -- 3 to add other currencies. Repeat step 3 to change other conversion rates.
5. When you finish, save your changes.

6. Refresh the summary data in the plan cycle worksheets with these changes.

   1. On the Run Batch Processes page, in the Refresh Workforce Compensation Data row, click the Run icon.
   2. Select the appropriate plan, cycle, and refresh date.
   3. Optionally select a person selection formula.

   4. Select the Refresh summary totals option.