7 Multi-Currency Reporting

A bank may want to represent the reports in different currencies depending on the geographic presence, regulatory requirements, and so on. The functionality of multi-currency reporting enables the reports to be displayed in multiple currencies.

The following three different currency types are supported:

• Local Currency
• Regional Currency
• Reporting Currency

Each currency type must be mapped to a currency and the reports can then be viewed in the corresponding currency. Using the exchange rate prevailing at the time the data is loaded, the conversion from the reporting currency (which is the default currency type) to another currency is done. The selection of the currency in which reports are to be viewed is done through dashboard prompts.