Currency Table Translation Rates (CU20.1)

Use Currency Table Translation Rates (CU20.1) to define and maintain translation rates for a currency relationship and translation code in a currency table.

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Translation rates are used to translate the balances of one company's base currency to the base currency of another company for reporting and consolidation. This process is commonly performed once per period, after individual companies complete period closing.

Translation rates defined on this form are used for all companies associated with the currency table. You can use CU20.3 (Company Translation Rates) to define overriding translation rates for a specific company.

To define and maintain translation rates for multiple currency relationships and translation codes for a currency table for a period, click the Period button to open the Currency Table Period Rate Entry subform.

You must select Yes in the Currency Translation field in the Currency form tab on GL10.1 (Company) to translate rates for a company.

Note: If the currency relationship displays as triangulated (as is the case for Euro-bound currencies), you cannot assign a translation rate to that relationship. Instead, you must assign a translation rate between each of the currencies and the triangulation currency (in this case, the Euro). To define a currency relationship as triangulated, use CU02.1 (Currency Relationship).