Defining currency exchange rates for triangulation

Exchange rates are used to convert an amount in one currency to another currency. You must define an exchange rate for each currency relationship for which you perform currency exchange.

Note: Although you must define a relationship from the source triangulated currency to the target triangulated currency, you cannot define an exchange rate or translation rate for that relationship. You must, however define an exchange rate and (if applicable) a translation rate from the source currency to the intermediate currency, and from the intermediate currency to the target currency.

The currency relationship must have Active selected in the Exchange Status field in Currency Relationship (CU02.1).

Follow these steps to define currency exchange rates for triangulation:

Access Exchange Rates (CU10.1).
Define an exchange rate between the source currency and the intermediate currency relationship. Use these guidelines to specify the field values:

From Currency

Select the currency you are converting from. In this case, the source currency.

To Currency

Select the currency you are converting to. In this case, the intermediate currency.

Effective Date

Specify the date the exchange rate is effective.

The exchange rate remains effective until you add an exchange rate with a later date.

Rate

Specify the valid exchange rate between the source and the intermediate currency.

System

You can specify or select the system code you want to define exchange rates for.
Define an exchange rate between the intermediate currency and the target currency. Use these guidelines to specify the field values:

From Currency

Select the currency you are converting from. In this case the intermediate currency.

To Currency

Select the currency you are converting to. In this case, the target currency.

Effective Date

Sepcify the date the exchange rate is effective.

The exchange rate remains effective until you add an exchange rate with a later date.

Rate

Specify the valid exchange rate between the intermediate and the source currency.

System

You can specify or select the system code you want to define exchange rates for.