You can plan and analyze your data in one currency or in multiple currencies if multicurrencies is supported.
To enable users to enter data using their own currency in a multi-national company, your administrator sets up multiple currencies by creating a Currency member for each currency. For example, the administrator can add two currencies, USD and EUR, and set EUR as the input currency and USD as the reporting currency. The administrator enters the exchange rates by month between each currency and the base currency. The administrator typically designs forms with the Currency dimension on the Page axis, but can put currencies on the row or another axis.
The Calculate Currency rule converts the input values from the current currency to the reporting currencies. Forms can be set up to automatically run the Calculate Currency rule when you save the data in a form. If this isn't the case, manually launch the rule to convert data from one currency to the reporting currencies. After the Calculate Currency rule is run, view the converted values by selecting that currency's member from the Currency dimension.
You can't enter data into a reporting currency. You can enter data only into a local, or input, currency.
Your administrator can set up either multicurrency option:
- Simplified Multicurrency, in which you enter data into the input currency.
- Standard Multicurrency, in which you enter data into the local currency.
In both multicurrency models, you view or report on data in another currency by selecting the reporting currency.
For more information, see Setting up Currencies in Administering Planning .