YEAR

The current year is automatically selected You can amend this to the previous or future year, provided there are currency types set up for these years.

CURRENCY TYPE

Enter a new currency type or one that already exists on the system. By defining different currency types you can hold several exchange rates for each currency. For each currency type you can specify how frequently the exchange rates will change for revaluation purposes. You can choose spot, period and yearly frequencies

BASE CURRENCY

Enter the currency code representing the base currency to which the currency codes are calculated. This will be the base currency held in system key NLBASECURR

CURRENCY CODE

Enter up to three characters representing the currency code. If you are updating an existing currency code, you can select Browse to select

CURRENCY CODE DESC.

Enter a description of the currency you are entering, for example U.S. Dollars

NUMBER OF DEC. PLACES

Enter the number of decimal places needed to display this currency. For example for U.S. Dollars the smallest unit is one cent, the number of decimal places required is 2.

CONVERSION OPERATOR

Enter "/" if this currency has to be divided by the exchange rate to give the equivalent base rate value.

LANGUAGE CODE

This field will only be highlighted if the system key CHEOLANG is YES.

TYPE DESCRIPTION

Enter a description for the currency type, this should be meaningful and concise.

FREQUENCY

S = spot currency type, enter the spot rate for the specified date.

P = period currency type, enter an exchange rate for each period in the financial year.

Y = yearly currency type, means that an average exchange rate for the whole year is used when re-valuing transactions.

System keys to check

NLBASECURR

NLCURRTYPE

NLEXCHACC

NLFORCURR

NLMULTFOR

NLERRACC

NLROUNDTOL

NLREPTBAL

NLROUNDACC

PLOURRTYPE

BASECURR

SLCURRTYPE

CBCURRTYPE

LOCALDEC