Creating currency relationships
A currency relationship determines how a transaction amount is converted from one currency to another:
- Whether the system multiplies or divides the transaction amount by the exchange rate.
- Whether the exchange is triangulated (European Union currencies only).
- Whether a user is allowed to override the exchange rate, and by how
much.
See Override protection.
Currency relationships are defined at the finance enterprise group level.
Note: For systems that are configured with
Financials and Supply Management and HR Payroll, the finance
enterprise group and currency data are created and maintained in Financials and Supply Management. See the Infor HR Talent Configuration Guide for information about configuring
shared data with Infor Financials and Supply Management.
You must create the currency codes that are involved in the relationship before you can create the relationship.