Specifying Exchange Rates

Note:

This topic assumes the multiple currency option was selected during application creation. If the Simplified multiple currency option was selected, see About Simplified Multicurrency.

Use exchange rates to convert values from one currency to another. You can:

• Enable budget preparers in various countries to create plans in other currencies

• Show summary report data in a currency

• Summarize values from multiple currencies into one currency

For example, you might specify yen as the base currency for the Japan entity and US dollars for the United States entity. When you display a form having values for the Japan entity and the form’s display currency is set to US dollars, the exchange rates for the yen is used to convert the values for Japan to US dollars. If the display currency is set to yen, the exchange rates for US dollars converts values for the United States entity to yen.

To specify exchange rates, you must set up multiple currencies when creating an application.

• About Exchange Rate Tables for Standard Multicurrency Applications

• Hsp_Rates Dimension for Standard Multicurrency Applications

• Triangulation

• Calculation Method