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 | |||
|---|---|---|---|
| Company | Currency type | Before initialization | After initialization |
| Logistic company | Local and reference Reporting 1, 2 | DKK not used | USD not used |
| Financial company 1 | Local and reference Reporting 1, 2 | DKK not used | USD not used |
| Financial company 2 | Local and reference Reporting 1, 2 | DKK not used | USD not used |