1. Administering Planning
  2. Creating a Planning Application
  3. Creating a Planning and Budgeting Cloud Application
  4. Choosing Setup Options
  5. Setting Up Currencies

Setting Up Currencies

Specify the main currency for the application, and establish whether the application supports multiple currencies.

To set up the currency:

  1. During application setup, select the main currency for the application.
  2. Specify whether the application supports more than one currency, and if so, then select one of the following multiple currency options:

    • Standard: Creates the Currency dimension and a hidden dimension called HSP_Rates to store the exchange rates. See About Standard Multicurrency. Not available for Module and Custom application types.

    • Simplified: Creates the Currency dimension and additional accounts are added to store the exchange rates. See About Simplified Multicurrency.

    After the application is created, you can't change this option. Multiple currency support is available for level 0 members, regardless of base currency. The same currencies and exchange rates are used across cubes.