Adding custom rates

In addition to the provided standard rates, you can add your own rates. Custom rates can be used, for example, when you have special calculations for accounts and those calculations cannot be covered by standard rates because standard rates are locked.

Custom rates are maintained on the Standard Currency Rate Maintenance page similarly to the standard rates.

See "Maintaining standard and custom rates".

  1. Select Business Modeling > Business Objects > Organizational > Currencies.
  2. Click the Rate Types (Consolidation) tab.
  3. Click Add.
  4. Specify this information:
    Id
    Specify the ID of the custom rate. You can use only two characters.
    Note: The custom rate ID cannot begin with the H letter because then the rules of the standard currency conversion do not work for the added custom rate.
    Name
    Specify the name of the custom rate.
  5. Optionally, specify the translations of the custom rate name in available languages.
  6. Click Add.
    The custom rate is displayed in the Rate Types grid.
  7. Publish the model.
    After the model publication, the custom rate is available to assign to specific group accounts, cash flow group accounts, and schedule details.
    Note: You can delete a published custom rate in Business Modeling only after the custom rate is unassigned from all group accounts, cash flow group accounts, and schedule details, if applicable.