Activating currency rate sets

Use the Activate Currency - Rate Set tab to set up currency translations in addition to the automatic translations. A currency version, or currency rate set is selected and the currencies to be used are also selected. The group currency is automatically selected when a currency version is activated. Additional currencies can also be included. Currencies by currency versions are established. For example, if the Budget currency version is activated and Euro is the group currency, a currency version member, EUR@Budget, is created. This currency version can be selected for any data version for alternative translations.

This configuration is optional.

  1. Click the Home icon.
  2. Select Business Configuration > Configuration Set-specific Settings > Currency Exchange > Currency Configuration > Currency Configuration.
  3. Click the Activate Currency - Rate Set tab.
    A currency version and currency is required to complete the configuration. By default, the group currency is automatically selected for every currency version activated for analysis.
  4. In the Active column, select the currency version to activate.
    Activating an exchange rate set makes it available for currency analysis.
  5. In the Currency column, click Assign Currency.
  6. Select one or more currencies to use for currency analysis and click OK.
    The selected currencies do not display in the Currency column.