| # Single currency to standard multicurrency If you convert a single currency system to a standard multicurrency system, you can make these changes: Extend the number of home currencies to a maximum of three currencies. Change the local home currency. Change the reference currency. The companies of one logistic area in a standard multicurrency system must all have the same reference currency. For the home currencies, no restrictions exist. 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. For elementary differences in home-amount calculation between a "euro initialization" and other conversions, see "Conversion Rules." For euro compliancy, no specific home-currency setup is required other than introduction of the euro as the local home currency for those companies that reside in the new "euro country". Example
Single to standard currency initialization
Company | Currency type | Before initialization | After initialization
--- | --- | --- | ---
Logistic company | Reference | DKK | USD
Local home | DKK | DKK
Reporting 1 | not used | EUR
Reporting 2 | not used | not used
Financial company 1 | Reference | DKK | USD
Local home | DKK | EUR
Reporting 1 | not used | EUR
Reporting 2 | not used | not used
Financial company 2 | Reference | DKK | USD
Local home | DKK | GBP
Reporting 1 | not used | USD
Reporting 2 | not used | USD