CI Rates (tccri7100m000)
Use this session to maintain the currency exchange rates between other currencies and the company's home currencies. You can define the conversion rates between the new home currencies and the used transaction currencies and/or old home currencies.
- To view the exchange-rates for various base currencies, click Next Group and Previous Group.
- To define exchange-rates for a new base currency, click New Group.
From the appropriate menu, you can choose to print a report of the transaction currencies for which the rates with the home currencies of the conversion cluster companies are not defined.
Field Information
- Base Currency
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The new home currency. After the conversion, this is the company's home currency.
- Currency
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The currency for which an exchange rate is being defined to the new home currency.
- Rate
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The currency exchange rate used in the conversion process.
- Rate Factor
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The currency to be converted is divided by the rate factor before the currency exchange-rate is applied.
Default value
The default rate factor = 1.00.
Use the rate factor to avoid extremely high or low values of a currency exchange-rate.
(foreign currency amount / rate factor) * currency exchange rate = currency-base amount.Currency base : Japanese Yen Foreign currency : American dollars If rate factor = 1 then currency exchange-rate = 0.009214 If rate factor = 100 then currency exchange-rate = 0.9214 - Express in Base Currency
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To convert the base currency into the transaction currencies, select this check box.
To convert the transaction currencies into the base currency, clear this check box.
The Express in Base Currency check box is cleared:
Base currency JPY Transaction currency USD Exchange rate 108.52 Result USD 1 = JPY 108.52 The Express in Base Currency check box is selected:
Base currency JPY Transaction currency USD Exchange rate 0.9214 Rate factor 100 Result JPY 100 = USD 0.9214 Note: If the base currency is the Euro, you must select this check box. - Defined Rate
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The formula which displays the way the initialization is done.