<?xml version="1.0" encoding="utf-8"?>
<Session ID="/baanerp/tc/mcs/tcmcs0108m000" xml:lang="en">
	<Header>
		<Title xmlns:ssa="http://www.ssaglobal.com" xmlns:HTML="http://www.w3.org/TR/REC-html40">Currency Rates (tcmcs0108m000)</Title>
	</Header>
	<HelpTopic><AimSection><Paragraph>Use this session to maintain the <Link href="/baanerp/tc/glossary/glossary#CurrenRates.tc" role="glossary">currency exchange rates</Link> between other currencies and the company's <Link href="/baanerp/tc/glossary/glossary#000064" role="glossary">home currencies</Link>. You can define an exchange rate between the currencies for each exchange rate type.</Paragraph>
			<Paragraph>If you use a <Link href="/baanerp/tc/glossary/glossary#000023" role="glossary">single currency system</Link> or a <Link href="/baanerp/tc/glossary/glossary#000024" role="glossary">dependent currency system</Link>, you can only define the rates between other currencies and your <Link href="/baanerp/tc/glossary/glossary#000017" role="glossary">reference currency</Link>.</Paragraph>
			<Paragraph>If you use an <Link href="/baanerp/tc/glossary/glossary#000025" role="glossary">independent currency system</Link>, you can define the rates between other currencies and each of your home currencies.</Paragraph>
		</AimSection>
		<GeneralSection><Paragraph>You must first define at least one exchange rate type in the <GUIRef href="/baanerp/tc/mcs/tcmcs0140m000" role="session">Exchange Rate Types (tcmcs0140m000)</GUIRef> session.</Paragraph>
			<Paragraph>Use the <GUIRef href="" role="menu">Group</GUIRef> menu or the <GUIRef href="" role="manual">Group</GUIRef> buttons to list the currencies and exchange rate types. Choose <GUIRef href="" role="manual">New</GUIRef> on the <GUIRef href="" role="menu">Group</GUIRef> menu to define exchange rates for a new currency exchange rate type.</Paragraph>
			<Paragraph>To make a new rate valid, you must select the <GUIRef href="/baanerp/tc/mcs/tcmcs0108m000#tcmcs008.rapr" role="formfield">Rate Approved</GUIRef> check box. If you save the data, SSA ERP enters the date and time of approval in the <GUIRef href="/baanerp/tc/mcs/tcmcs0108m000#tcmcs008.apdt" role="formfield">Approval Date</GUIRef> field.</Paragraph>
			<Paragraph>You cannot undo the approval of a new rate. To correct a mistake, you must define another new rate that is correct and approve the new rate.</Paragraph>
			<GeneralSection><SectionTitle>The effective date</SectionTitle>
				<Paragraph>By default, SSA ERP enters the current date and time in the <GUIRef href="/baanerp/tc/mcs/tcmcs0108m000#tcmcs008.stdt" role="formfield">Effective Date</GUIRef> field. You can enter an effective date that is earlier than the current date. However, the new effective date must be later than the most recent date on which cost calculation of items was performed.</Paragraph>
				<Note><SectionTitle>Note</SectionTitle>
					<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 is selected.</Paragraph>
				</Note>
			</GeneralSection>
		</GeneralSection>
		<RelatedTopics><SectionTitle>Related topics</SectionTitle>
			<RelTopic><Link href="/baanerp/tc/onlinemanual/000314" role="manual">To define currency rates</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/000091" role="manual">Euro compliance</Link>
			</RelTopic>
		</RelatedTopics>
	</HelpTopic>
	<Fields><FieldHelp ID="tcmcs008.bcur"><Header>
				<Title xmlns:ssa="http://www.ssaglobal.com" xmlns:HTML="http://www.w3.org/TR/REC-html40">Currency Base</Title>
			</Header>
			<FuncDesc>The currency into which the other currencies are converted.</FuncDesc>
			<AllowedValues><SectionTitle>Allowed values</SectionTitle>
				<Paragraph>If you use a <Link href="/baanerp/tc/glossary/glossary#000023" role="glossary">single currency system</Link> or a <Link href="/baanerp/tc/glossary/glossary#000024" role="glossary">dependent currency system</Link>, this must be your <Link href="/baanerp/tc/glossary/glossary#000017" role="glossary">reference currency</Link>.</Paragraph>
				<Paragraph>If you use an <Link href="/baanerp/tc/glossary/glossary#000025" role="glossary">independent currency system</Link>, this must be one of your home currencies.</Paragraph>
				<Paragraph>The company's reference currency and the home currencies are defined in the <GUIRef href="/baanerp/tc/emm/tcemm1170m000" role="session">Companies (tcemm1170m000)</GUIRef> session.</Paragraph>
			</AllowedValues>
			<SimpleSection><Paragraph>If the base currency is the Euro, then you must select the <GUIRef href="/baanerp/tc/mcs/tcmcs0108m000#tcmcs008.excb" role="formfield">Express in base currency</GUIRef> check box.</Paragraph>
			</SimpleSection>
			<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/000091" role="manual">Euro compliance</Link>
				</RelTopic>
			</RelatedTopics>
		</FieldHelp>
		<FieldHelp ID="tcmcs008.ccur"><Header>
				<Title xmlns:ssa="http://www.ssaglobal.com" xmlns:HTML="http://www.w3.org/TR/REC-html40">Currency</Title>
			</Header>
			<FuncDesc>The currency that is converted to the currency base.</FuncDesc>
		</FieldHelp>
		<FieldHelp ID="tcmcs008.rtyp"><Header>
				<Title xmlns:ssa="http://www.ssaglobal.com" xmlns:HTML="http://www.w3.org/TR/REC-html40">Exchange Rate Type</Title>
			</Header>
			<FuncDesc>The exchange rate type to which you link the currency rate.</FuncDesc>
			<SimpleSection><Paragraph>You can use exchange-rate types to specify different currency exchange-rates for different types of transactions for example, for purchase transactions, sales transactions, and internal calculations and conversions.</Paragraph>
				<Paragraph>You must enter currency rates for each of the company's default exchange rate types that you selected in the <GUIRef href="/baanerp/tc/emm/tcemm1170m000" role="session">Companies (tcemm1170m000)</GUIRef> session.</Paragraph>
			</SimpleSection>
		</FieldHelp>
		<FieldHelp ID="tcmcs008.stdt"><Header>
				<Title xmlns:ssa="http://www.ssaglobal.com" xmlns:HTML="http://www.w3.org/TR/REC-html40">Effective Date</Title>
			</Header>
			<FuncDesc>The date and time from which the currency exchange rate is valid. Each rate is valid until the effective date of the next currency exchange rate.</FuncDesc>
			<SimpleSection><Paragraph>By default, SSA ERP enters the current date and time in the <GUIRef href="/baanerp/tc/mcs/tcmcs0108m000#tcmcs008.stdt" role="formfield">Effective Date</GUIRef> field. You can enter an effective date that is earlier or later than the current date.</Paragraph>
				<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 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>
			</SimpleSection>
			<SimpleSection><SectionTitle>To change the internal currency rates for earlier dates</SectionTitle>
				<List><ListIntro>The effective date and time of a new currency rate can be earlier than the current date and time if one of the following conditions is true:</ListIntro>
					<ListItem>The exchange rate type is not Internal.</ListItem>
					<ListItem>The company uses a single currency system.</ListItem>
					<ListItem>The company uses an independent currency system.</ListItem>
					<ListItem>No item cost price calculation has been performed after the entered effective date.</ListItem>
				</List>
				<Paragraph>If the company uses a dependent currency system, SSA ERP uses the internal currency rates for cost price calculations. In such a system, you cannot add a new internal currency rate for a period during which SSA ERP already used the currency rate to calculate item cost prices. For details, see <Link href="/baanerp/ti/onlinemanual/000095" role="manual">Multi currency aspects of cost price calculation</Link>.</Paragraph>
			</SimpleSection>
			<Note><SectionTitle>Note</SectionTitle>
				<Paragraph>If you print invoices, SSA ERP always consults the <GUIRef href="/baanerp/tc/mcs/tcmcs0108m000" role="session">Currency Rates (tcmcs0108m000)</GUIRef> session to find the purchase rates and sales rates that apply to the invoice.</Paragraph>
			</Note>
			<RelatedTopics><SectionTitle>Related topics</SectionTitle>
				<RelTopic><Link href="/baanerp/ti/onlinemanual/000095" role="manual">Multi currency aspects of cost price calculation</Link>
				</RelTopic>
			</RelatedTopics>
		</FieldHelp>
		<FieldHelp ID="tcmcs008.rate"><Header>
				<Title xmlns:ssa="http://www.ssaglobal.com" xmlns:HTML="http://www.w3.org/TR/REC-html40">Currency Rate</Title>
			</Header>
			<FuncDesc><Link href="/baanerp/tc/glossary/glossary#CurrenRates.tc" role="glossary">currency exchange rate</Link>
			</FuncDesc>
		</FieldHelp>
		<FieldHelp ID="tcmcs008.ratf"><Header>
				<Title xmlns:ssa="http://www.ssaglobal.com" xmlns:HTML="http://www.w3.org/TR/REC-html40">Rate Factor</Title>
			</Header>
			<FuncDesc>Use the rate factor to avoid extremely high or low values of a currency exchange-rate.</FuncDesc>
			<DefaultValue><SectionTitle>Default value</SectionTitle>
				<Paragraph>The default rate factor = 1.00.</Paragraph>
			</DefaultValue>
			<SimpleSection><Paragraph>If you selected the <GUIRef href="/baanerp/tc/mcs/tcmcs0108m000#tcmcs008.excb" role="formfield">Express in base currency</GUIRef> check box, SSA ERP divides the amount in the currency to be converted by the rate factor before multiplying the amount by the currency rate.</Paragraph>
				<Paragraph>If you cleared the <GUIRef href="/baanerp/tc/mcs/tcmcs0108m000#tcmcs008.excb" role="formfield">Express in base currency</GUIRef> check box, SSA ERP multiplies the amount in the currency to be converted by the rate factor before multiplying the amount by the currency rate.</Paragraph>
			</SimpleSection>
			<RelatedTopics><SectionTitle>Related topics</SectionTitle>
				<RelTopic><Link href="/baanerp/tc/onlinemanual/000335" role="manual">Example of rate factor</Link>
				</RelTopic>
			</RelatedTopics>
		</FieldHelp>
		<FieldHelp ID="tcmcs008.excb"><Header>
				<Title xmlns:ssa="http://www.ssaglobal.com" xmlns:HTML="http://www.w3.org/TR/REC-html40">Express in base currency</Title>
			</Header>
			<FuncDesc>If this check box is selected,SSA ERP uses the currency exchange rate to convert the base currency into the foreign currencies.</FuncDesc>
			<SimpleSection><Paragraph>If this check box is cleared,SSA ERP uses the currency exchange rate to convert the foreign currencies into the base currency.</Paragraph>
			</SimpleSection>
			<Note><SectionTitle>Note</SectionTitle>
				<Paragraph>If the base currency is the Euro, you must select this check box.</Paragraph>
			</Note>
			<RelatedTopics><SectionTitle>Related topics</SectionTitle>
				<RelTopic><Link href="/baanerp/tc/onlinemanual/000091" role="manual">Euro compliance</Link>
				</RelTopic>
			</RelatedTopics>
		</FieldHelp>
		<FieldHelp ID="defined.rate"><Header>
				<Title xmlns:ssa="http://www.ssaglobal.com" xmlns:HTML="http://www.w3.org/TR/REC-html40">Defined Rate</Title>
			</Header>
			<FuncDesc>The result of the specified currency exchange rate and rate factor.</FuncDesc>
		</FieldHelp>
		<FieldHelp ID="tcmcs008.rapr"><Header>
				<Title xmlns:ssa="http://www.ssaglobal.com" xmlns:HTML="http://www.w3.org/TR/REC-html40">Rate Approved</Title>
			</Header>
			<FuncDesc>To approve the rate, select this check box.</FuncDesc>
			<SimpleSection><Paragraph>If you save the data, SSA ERP enters the date and time of approval in the <GUIRef href="/baanerp/tc/mcs/tcmcs0108m000#tcmcs008.apdt" role="formfield">Approval Date</GUIRef> field.</Paragraph>
				<Paragraph>You cannot undo the approval of a new rate. To correct a mistake, you must define another new rate that is correct and approve the new rate.</Paragraph>
			</SimpleSection>
		</FieldHelp>
		<FieldHelp ID="tcmcs008.apdt"><Header>
				<Title xmlns:ssa="http://www.ssaglobal.com" xmlns:HTML="http://www.w3.org/TR/REC-html40">Approval Date</Title>
			</Header>
			<FuncDesc>The date and time when you approved the rate.</FuncDesc>
		</FieldHelp>
	</Fields>
</Session>
