Currency exchange rates (GL/CU)

Currency exchange rates are the rates the Lawson applications use to exchange transaction amounts to a company base currency, and, if applicable, to account currencies and to report currencies.

Currency exchange rates are defined for a currency table and currency relationship. You can define a maximum of one exchange rate per day for each currency relationship and system code. You can also interface exchange rates from a non-Lawson rate table.

Currency exchange rates establish the rate in effect at the time the transaction is entered. They are used immediately when a transaction is entered to exchange the transaction to base. If report currencies are defined, then the exchange rates are also used to convert transaction amounts to report currency amounts when the transactions are created in General Ledger or are interfaced to the General Ledger. The Currency exchange rates are also used periodically (at least once per fiscal period) to revalue the exchanged amounts and assess any gain or loss incurred at the time of revaluation as a result of exchange rate fluctuations.