| # Single currency to dependent multicurrency If you convert a single currency system to a dependent multicurrency system, you can make these changes: Extend the number of home currencies to a maximum of three currencies. Change the reference currency. The amounts in the local home currency are converted into amounts in the new home currencies. The new home-currency amounts replace the original amounts in the database or are stored as the additional home-currency amounts. Amounts in home currency that are already present in one of the new home currencies are not recalculated. Note: In a dependent setup, if the euro is one of the new home currencies, it must be the reference currency to be euro compliant, as shown in this example. For elementary differences in home-amount calculation between a "euro initialization" and other conversions, see "Conversion Rules." Example
Single to dependent multicurrency initialization
Company | Currency type | Before initialization | After initialization
--- | --- | --- | ---
Logistic company | Reference | DKK | USD
Local home | DKK | USD
Reporting 1 | not used | not used
Reporting 2 | not used | not used
Financial company 1 | Reference | DKK | USD
Local home | DKK | GBP
Reporting 1 | not used | DKK
Reporting 2 | not used | USD
Financial company 2 | Reference | DKK | USD
Local home | DKK | DKK
Reporting 1 | not used | GBP
Reporting 2 | not used | USD
Example Fictive euro initialization of the DKK: (The new reference currency is euro.)
Single to dependent multicurrency initialization
Company | Currency type | Before initialization | After initialization
--- | --- | --- | ---
Logistic company | Reference | DKK | EUR
Local home | DKK | EUR
Reporting 1 | not used | not used
Reporting 2 | not used | not used
Financial company 1 | Reference | DKK | EUR
Local home | DKK | DKK
Reporting 1 | not used | EUR
Reporting 2 | not used | USD
Financial company 2 | Reference | DKK | EUR
Local home | DKK | GBP
Reporting 1 | not used | USD
Reporting 2 | not used | EUR