Defining a Base Currency

The base currency is U.S. dollars by default. The exchange rate for the base currency is always one.

To define a different currency as the base:

1. On the Navigation Menu, expand Administration and click Enterprise Data.
2. On the Enterprise Data page, expand Global and click Currencies.
3. On the Currencies page:
   1. Select the row that has BASE RATE in the Exchange Rate field.
   2. Double-click in the ID, Name, and Currency Symbol fields and enter the base currency's information.

      For example, if you want the pound to be the new base currency, you can type in U.K. for the ID, British Pound for the name, and £ for the currency symbol.

   3. Click Customize View and display other fields, such as Decimal Digits and Positive Format, and edit as needed.
4. Click Save.