Maintaining historical rates
You can change historical rates only for open periods and if you have sufficient user role permissions.
Note: If the local currency balance is available, the corresponding values exist on the Data Entry page. The values can originate from these sources:
- Carry Forward Schedules: When this process is run, the Opening Balance values (*_OB elements) are populated on the Data Entry page.
- Data Entry Schedule Detail Distribution page: Values from this page are populated on the Data Entry page as the values of the Difference to distribute (*_NA elements).
- Data Import page: Imported values are reflected on Data Entry page at the imported level.
Local currency balances for currency translation differences (*_FX elements) are typically populated at the group level through the consolidation processes, not at the entity level. At the entity level, historical currency rates and transactional data are maintained. In the group-level processing, foreign exchange (FX) translation differences occur during consolidation when local entity balances are converted into group reporting currency such as USD or EUR.
Specifying a rate automatically calculates the group currency balance and vice versa.