Exchange Rate

The current exchange rate for the vendor's currency displays.

When you generate a landed cost voucher from a purchase order that has a fixed exchange rate (the Fixed Rate field is selected on the Purchase Orders form's Amounts tab), and the Landed Cost currency is the same as the PO currency, the system uses the purchase order's exchange rate instead of the current rate.

If the Landed Cost currency is different from the PO currency, you cannot specify a fixed rate. The currency rate is then set to the Buying Exchange Rate for the vendor currency code (where the vendor currency code is either the currency of the Landed Cost vendor (for freight, duty, etc.) or, if a Landed Cost vendor is not specified, the PO vendor currency) and where the Effective Date is the most recent date earlier than the transaction date.