Base Currency

For a Standard multiple currency application, specify each entity member’s base currency. The default base currency for entity members is the currency specified when creating the application. For example, if U.S. Dollars is the default currency, you may specify Yen as the base currency for the Japan entity and U.S. Dollars for the United States entity. When using forms having values for the Japan entity, if the display currency is set to U.S. Dollars, values are converted to U.S. Dollars using the rates in the exchange rate table (assuming Yen is the local currency and U.S. Dollars is the reporting currency).

Note:

If the Simplified multiple currency option was selected during application creation, you don't need to specify a base currency for entity members. See About Simplified Multicurrency.