Exchange Rate Manager Overview

The Exchange Rate and Currency Rate managers are accessed via Financials > Exchange Rate Management.

The Exchange Rate and Currency Rate Managers allow you to specify exchange rates. A default exchange rate record is provided pre-installed. This record (named DEFAULT) is selected automatically when you create a rate offering.

You can override some or all of the default exchange rates. Use the Exchange Rate Manager to select which currencies to convert and use the Currency Rate Manager to define the rate at which they should be calculated. Multiple rates can be associated with a single exchange rate record. That record can be selected when defining a rate offering, and then those exchange rates are used when calculating costs that use a rate attached to that offering.

There are currency properties that can be defined. The following properties can also be defined for currencies:

• glog.business.costFractionalFlags: controls default precision flags for typical currency totals.
• glog.business.costFractionalDigits: specifies ISO precision for each currency