Maintaining standard and custom rates

To maintain standard and custom exchange rates, you must have a group accountant role or a group accountant custom role. Additionally, the global element for the standard exchange rates must be set as Open on the Group Status tab on the Landing Page's Status Monitor tab. Entity accountants have read-only rights to standard exchange rates.

Note: Only exchange rates with up to five decimal places are supported. More than five decimal places is interpreted as equal to 0.

Select Rates and Reconciliation > Exchange Rates > Standard Rates.
Specify a configuration set, version, start period, end period, and group currency.
The specified group currency is translated into the entity currency based on this formula:
```
1 unit of the group currency = X entity currency
```
For example:
```
1 EUR = X USD
```
Specify rates for the entity currencies for each period from the selected range.
You can modify rates only for open periods.