Buying Exchange Rate
Enter the exchange rate used for purchase orders sent in the From Currency. The default value is one (1). Seven floating digits are allowed.
The entered Buying Exchange Rate is used in Purchasing when purchase orders are paid with foreign currency (From Currency).
After purchase orders are entered with the amount in a foreign currency, the From Currency is converted to the To Currency by dividing the From Currency by the Buying Exchange Rate.
For example, if the Buying Exchange Rate of U.S. dollars = 0.85 is based on Canadian dollars, the cost of items purchased for 100.00 Canadian dollars is converted to 117.65 U.S. dollars.
If your To Currency is set as Part of Euro, the From Currency Buying and Selling Exchange rates are no longer the From-to-To rates. They become the number of units in this From Currency to one unit of the Euro currency. The system uses the From Currency Buying and Selling Exchange rates in conjunction with the "1 Euro =" rate for your To Currency when performing Triangulation conversions.