Single to single currency

If you convert a single currency system to a single currency system, you can make this change:

  • Change the reference currency, which is also the local home currency

The amounts in the local home currency are converted into amounts in the new local home currency. The new home-currency amounts replace the original amounts in the database, as shown in this example.

For elementary differences in home-amount calculation between a "euro initialization" and other conversions, see "Conversion Rules."

Example
Single to single currency initialization
CompanyCurrency typeBefore initializationAfter initialization
Logistic companyLocal and reference Reporting 1, 2DKK not usedUSD not used
Financial company 1Local and reference Reporting 1, 2DKK not usedUSD not used
Financial company 2Local and reference Reporting 1, 2DKK not usedUSD not used