Creating currency relationships

Before you can create currency relationships, you must create or load the currency codes that you want to convert to one another. The finance enterprise group for which you want to create relationships must also exist. If you use many currencies, you can use Infor Spreadsheet Designer to load currency relationships.

  1. Select Financials > Global Ledger > Setup > Currency > Currency Maintenance.
  2. Click the Currency Relationship tab and click Create.
  3. Specify this information:
    Finance Enterprise Group
    Select the finance enterprise group for which to create a currency relationship.
    From
    Select the currency from which amounts will be converted.
    To
    Select the currency to which amounts will be converted.
    Auto Generate Reverse Relationship
    Select Yes to automatically generate a reverse relationship.
    For example, you select this option when you create a relationship from USD to CAD. A reverse relationship is automatically created from CAD to USD.
    Note: If you use this option, then when you create a daily rate for either currency relationship, the reverse currency daily rate is automatically created.
    Triangulate
    Select Yes to indicate a triangulated currency relationship. A triangulated relationship means that two currencies are converted to each other by way of a third currency. If you select this option, then you must also select the triangulating currency in the Triangulate Via field.
    Note: If you create a triangulated currency relationship, then you must create a non-triangulated currency relationship. The relationship must be between each of the triangulated currencies and the Triangulate Via currency.
    Override Protection
    If you select Yes, then you cannot override the daily rate when you create a transaction. You cannot specify an override tolerance.
    Override Tolerance
    Specify the percentage by which you can override the currency daily rate on a journal entry. If this field is blank, the default is 0, no editing takes place, and any override rate is accepted. This field is applicable only if the Override Protection field is blank or No.
  4. Click Save.