Rate tolerance checking

Tolerance checking is used to ensure that realistic currency exchange rates are entered or calculated throughout the system. It is also used to ensure adherence to official euro rates.

If you manually enter an exchange rate on a transaction, or the system calculates a rate from other currency values, the tolerance checks ensure this new rate is within the selected percentage of the system rate.

For example:

The currency GBP to EUR rate for a period is 1.63 and the tolerance percentage is set to 10%. If you entered a rate of 163 (instead of 1.63), the difference between 1.63 and 163 is more than the 10% tolerance allowed for this rate, so the rate of 163 would be rejected.

Setting the rate tolerance requirements

You set the rate tolerance requirements for a rate in Currency Period Rates (CNP) or Currency Daily Rates (CND). You set the Rate Tolerance Checking option if tolerance checking is required, and enter the allowable tolerance in the Rate Tolerance Percentage field.

Any manually entered or calculated rates for the currency rate must be within this percentage of the corresponding system rate.