The following describes how to enter an exchange rate for a currency where the rate towards the base currency fluctuates over time.
- Select the Work with exchange rates menu item.
- On the initial panel, click Add to add an exchange rate.
- Complete the following fields:
- Currency
- Enter the currency from Work with currencies for which you want to enter a fluctuating exchange rate.
- Time level
- Enter the time level code from Work with languages, for either DAY, WEEK, MONTH or YEAR, signifying the length of time the exchange rate should be valid.
- Time
- Depending on the time level entered, you enter a date, a week number, a month or a year.
- High
- Enter the highest level for the specified currency and time period. Note: No check is made by the system, so the three rates can be the same if you do not want to use different rate levels for the same time period, and you may also enter only one.
- Medium
- Enter the medium level for the specified currency and time period.
- Low
- Enter the lowest level for the specified currency and time period. Note: The exchange rate setup, i.e., which time level that will be used as default when you enter transactions, can be defined in the different control files for G/L, A/P, A/R and Distribution.
Click OK. Exit the routine.