Creating translation codes You can create custom translation codes to assign to specific accounts. Select Financials > Global Ledger > Setup > Currency > Currency Maintenance. Click the Period Rate tab. In the Translation Code pane, click Create. Specify this information: Translation Code Specify the two-alphanumeric character translation code. Description Describe the translation code. If this field is blank, the translation code is used. Rate Type Select the rate type. See Currency translation rate types. Click Save.