Assigning a currency and currency conversion group to a pay group

You can assign a currency and currency conversion group to a pay group. By default, a pay group is assigned to the DEF currency and the DEFAULT currency conversion group.

Note: The currency and currency conversion group is only used by operational reporting and analytics.

Select Maintenance > Payroll Settings > Payroll Close > Pay Group.
Click Edit beside the pay group you want to modify.
Specify this information in the Basic Information section:

Currency

Select a currency from the lookup. This is the currency observed by the employees that are assigned to the pay group.
When updating the currency, you can only choose from source currencies that are in the currency conversion group that is assigned to the pay group. The system also verifies the currency against the target currencies set in the locales.
For example, assume the reporting currency for a locale is set to EUR and a conversion from CAD to USD is defined in the associated conversion group. With this configuration, you cannot select CAD as the currency for the pay group because there is no conversion from CAD to EUR. Only after adding the conversion from CAD to EUR to the associated conversion group can CAD be selected in the Currency lookup.

Currency Conversion Group

Select a currency conversion group from the lookup. This is the set of exchange rates that are followed by the pay group.
After selecting a currency in a pay group, you can only select a currency conversion group that has the specific conversion. If you change the value that is specified in the Currency field, then the value in the Currency Conversion Group field is removed. You must select a currency conversion group again from the list of available values.
Click Save to save the pay group.