Setting Company Exchange Rates
OpenAir lets you override the market foreign exchange rate value with a company rate for each currency. The company rate is used for all transactions and reports if it is set. The market rate is used otherwise.
To change the base currency for foreign exchange rates or enter company exchange rates, go to Administration > Global settings > Organization > Currencies > Set exchange rates.
-
To change the base currency for foreign exchange rates, select a currency from the Base exchange rates on dropdown list.
-
To set a company exchange rate for a currency, locate the currency on the form and enter the exchange rate value against the selected base currency in the box next to the currency name and code.
-
Click Save to save any changes made on the Set exchange rates form.
After your set a company exchange rate, it appears on the Exchange rate list view. See Viewing Exchange Rates
![Setting exchange rates entities form.](img/AdministratorGuide/AdministrationGlobalSettings/Set_Exchange_Rate.png)