Conversion rules for default currency, sole home-currency and sole amount
Default currency conversion rule
In some parts of LN, such as the Financial Budgeting System, data is registered in a default currency, which must be one of the home currencies. If the default currency is no longer one of the home currencies after the conversion, it must be replaced with another home currency during the currency initialization process.
Default currency conversion
During conversion, the current default currency is replaced with the new default currency and the amounts are converted to the new default currency.
Sole home-currency amount conversion rule
Sometimes the transaction-currency amount is not available for the calculation of the new home-currency amount. In such cases, the calculation of new home-currency amounts is based on the local home-currency amount.
Sole home-currency amount conversion
The new home-currency amount is calculated from the previous local home-currency amount.
Sole amount conversion-rule
A sole amount is an amount that is registered in one currency and to which no currency field is linked. Such amounts are usually in either the reference currency or the local home currency. For example, an item’s Inventory Carrying Cost (whwmd400.scst) is a sole amount in the reference currency.
The sole amount rule converts the amount into the new local home currency or to the new reference currency.
To use this rule, you must specify whether the field is in the reference currency or in the local home currency, by selecting or clearing the Use Reference Currency check box in the CI Fields (tccri7521m000) session.
Sole amount conversion
Depending on the selection of the Use Reference Currency check box in the CI Fields (tccri7521m000) session, the amount is converted:
- From the previous reference currency into the new reference currency
- From the previous local home currency into the new local home currency