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<ManualTopic ID="/baanerp/tc/onlinemanual/000314" xml:lang="en">
	<Header>
		<Title xmlns:ssa="http://www.ssaglobal.com" xmlns:HTML="http://www.w3.org/TR/REC-html40">To define currency rates</Title>
		<Keyword><Level1>currency rates</Level1>
		</Keyword>
	</Header>
	<GeneralSection><Paragraph>SSA ERP uses the <Link href="/baanerp/tc/glossary/glossary#CurrenRates.tc" role="glossary">currency exchange rates</Link> to convert transaction amounts into amounts in the company's home currencies. Use the <Link href="/baanerp/tc/mcs/tcmcs0108m000" role="session">Currency Rates (tcmcs0108m000)</Link> session to define currency rates.</Paragraph>
	</GeneralSection>
	<GeneralSection><SectionTitle>Currency systems and currency rates</SectionTitle>
		<Paragraph>You can only define currency rates between the transaction currencies and the company's home currencies. You cannot define currency rates between two currencies that are not home currencies. The home currencies are the currency base in the <GUIRef href="/baanerp/tc/mcs/tcmcs0108m000" role="session">Currency Rates (tcmcs0108m000)</GUIRef> session. The currency rates that you must define depend on the currency system used. See <Link href="/baanerp/tc/onlinemanual/000334" role="manual">Currency systems and currency rates</Link> for details.</Paragraph>
	</GeneralSection>
	<GeneralSection><SectionTitle>Express in base currency</SectionTitle>
		<List><ListIntro>For each currency rate you can indicate whether:</ListIntro>
			<ListItem>The rate must be expressed in the base currency (one unit of the base currency is so many units of the external currency).</ListItem>
			<ListItem>The rate must NOT be expressed in the base currency (one unit of the external currency is so many units of the base currency).</ListItem>
		</List>
	</GeneralSection>
	<Note><SectionTitle>Note</SectionTitle>
		<Paragraph>If the base currency is the Euro, you must select the Express in Base Currency check box. For details, see <Link href="/baanerp/tc/onlinemanual/000091" role="manual">Euro compliance</Link>.</Paragraph>
	</Note>
	<GeneralSection><SectionTitle>The rate factor</SectionTitle>
		<Paragraph>You can use the rate factor to avoid extremely high or low values of a currency exchange-rate. Depending on the selection of the <GUIRef href="/baanerp/tc/mcs/tcmcs0108m000#tcmcs008.excb" role="formfield">Express in base currency</GUIRef> check box in the <GUIRef href="/baanerp/tc/mcs/tcmcs0108m000" role="session">Currency Rates (tcmcs0108m000)</GUIRef> session, SSA ERP divides or multiplies the amount by the rate factor before the currency exchange-rate is applied. See also <Link href="/baanerp/tc/onlinemanual/000335" role="manual">Example of rate factor</Link>.</Paragraph>
	</GeneralSection>
	<GeneralSection><SectionTitle>Exchange rate types</SectionTitle>
		<Paragraph>You can define different currency rates for the different <Link href="/baanerp/tp/glossary/glossary#000046" role="glossary">exchange-rate types</Link>. For example, you can specify different currency exchange-rates to be applied to purchase transactions, to sales transactions, and to internal transactions. See <Link href="/baanerp/tc/onlinemanual/000056" role="manual">To use currency exchange rate types</Link> for details.</Paragraph>
	</GeneralSection>
	<GeneralSection><SectionTitle>The effective date</SectionTitle>
		<List><ListIntro>SSA ERP uses the currency rates that is valid at the specified time and date to convert an amount. For example, you can usually specify that SSA ERP must use the currency rate that is valid:</ListIntro>
			<ListItem>When you commit the transaction (the order date).</ListItem>
			<ListItem>When the transaction is invoiced (the invoice date).</ListItem>
			<ListItem>On a manually entered date.</ListItem>
		</List>
		<Paragraph>A currency rate can only take effect if the <GUIRef href="/baanerp/tc/mcs/tcmcs0108m000#tcmcs008.rapr" role="formfield">Rate Approved</GUIRef> check box in the <GUIRef href="/baanerp/tc/mcs/tcmcs0108m000" role="session">Currency Rates (tcmcs0108m000)</GUIRef> session is selected. The currency rate takes effect either at the date and time of the <GUIRef href="/baanerp/tc/mcs/tcmcs0108m000#tcmcs008.stdt" role="formfield">Effective Date</GUIRef> field or the <GUIRef href="/baanerp/tc/mcs/tcmcs0108m000#tcmcs008.apdt" role="formfield">Approval Date</GUIRef> field, whichever is the later.</Paragraph>
		<Paragraph>SSA ERP uses the internal currency exchange rates to calculate and store the cost price in the reference currency and to convert the item cost price from the reference currency into the other home currencies. Therefore, in a dependent multicurrency system, you cannot change a currency rate of the internal exchange rate type that is already used to calculate item cost prices.</Paragraph>
	</GeneralSection>
	<GeneralSection><SectionTitle>The rate determiner</SectionTitle>
		<Paragraph>For most transactions you can select a <Link href="/baanerp/ci/glossary/glossary#000007" role="glossary">rate determiner</Link>. The various rate determiners that are available are described in <Link href="/baanerp/tc/onlinemanual/000353" role="manual">Rate determiners</Link>.</Paragraph>
	</GeneralSection>
	<GeneralSection><SectionTitle>Rotate Currency</SectionTitle>
		<Paragraph>In the sessions that display amounts which are registered in more than one currency, you can choose Rotate Currency from the Tools menu to see the amounts in the different home currencies.</Paragraph>
	</GeneralSection>
	<RelatedTopics><SectionTitle>Related topics</SectionTitle>
		<RelTopic><Link href="/baanerp/tc/onlinemanual/000030" role="manual">Overview of currencies</Link>
		</RelTopic>
		<RelTopic><Link href="/baanerp/tc/onlinemanual/000056" role="manual">To use currency exchange rate types</Link>
		</RelTopic>
		<RelTopic><Link href="/baanerp/tc/onlinemanual/000335" role="manual">Example of rate factor</Link>
		</RelTopic>
		<RelTopic><Link href="/baanerp/tc/onlinemanual/000353" role="manual">Rate determiners</Link>
		</RelTopic>
	</RelatedTopics>
</ManualTopic>
