<?xml version="1.0" encoding="utf-8"?>
<Session ID="/baanerp/tc/mcs/tcmcs0108m000" xml:lang="en">
   <Header>
      <Title>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 the <Link href="/baanerp/tc/glossary/glossary#000047" role="glossary">standard currency system</Link> or 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>
         <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>
      </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="manual">Rate  Approved</GUIRef> check box. If you save the data, ERP Enterprise enters the date and
		  time of approval in the <GUIRef href="/baanerp/tc/mcs/tcmcs0108m000#tcmcs008.apdt" role="manual">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, ERP Enterprise enters the current date and time in the <GUIRef href="/baanerp/tc/mcs/tcmcs0108m000#tcmcs008.stdt" role="manual">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="manual">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>
         <RelTopic>
            <Link href="/baanerp/tc/onlinemanual/000459" role="manual">Standard currency system</Link>
         </RelTopic>
         <RelTopic>
            <Link href="/baanerp/tc/onlinemanual/000458" role="manual">Other currency systems</Link>
         </RelTopic>
      </RelatedTopics>
   </HelpTopic>
   <Fields>
      <FieldHelp ID="tcmcs008.bcur">
         <Header>
            <Title>Currency Base</Title>
         </Header>
         <FuncDesc>The currency into which the other currencies are converted.</FuncDesc>
         <AllowedValues>
            <SectionTitle>Allowed values</SectionTitle>
            <Paragraph>If you use the <Link href="/baanerp/tc/glossary/glossary#000047" role="glossary">standard currency system</Link> or an <Link href="/baanerp/tc/glossary/glossary#000025" role="glossary">independent currency system</Link>, this must be one of your
			 home currencies.</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>, this must be your <Link href="/baanerp/tc/glossary/glossary#000017" role="glossary">reference currency</Link>.</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, you must select the <GUIRef href="/baanerp/tc/mcs/tcmcs0108m000#tcmcs008.excb" role="manual">Express in Base Currency</GUIRef> check box.</Paragraph>
         </SimpleSection>
         <RelatedTopics>
            <SectionTitle>Related topics</SectionTitle>
            <RelTopic>
               <Link href="/baanerp/tc/onlinemanual/000030" role="manual">Currencies - overview</Link>
            </RelTopic>
            <RelTopic>
               <Link href="/baanerp/tc/onlinemanual/000091" role="manual">Euro compliance</Link>
            </RelTopic>
            <RelTopic>
               <Link href="/baanerp/tc/onlinemanual/000459" role="manual">Standard currency system</Link>
            </RelTopic>
            <RelTopic>
               <Link href="/baanerp/tc/onlinemanual/000458" role="manual">Other currency systems</Link>
            </RelTopic>
         </RelatedTopics>
      </FieldHelp>
      <FieldHelp ID="tcmcs008.ccur">
         <Header>
            <Title>Currency</Title>
         </Header>
         <FuncDesc>The currency that is converted to the currency base.</FuncDesc>
      </FieldHelp>
      <FieldHelp ID="tcmcs008.rtyp">
         <Header>
            <Title>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="f.use.for.import">
         <Header>
            <Title>Use for Importing Rates</Title>
         </Header>
         <FuncDesc>Indicates whether the <Link href="/baanerp/tp/glossary/glossary#000046" role="glossary">exchange-rate type</Link> is used when rates are imported.</FuncDesc>
         <Note>
            <SectionTitle>Note</SectionTitle>
            <List>
               <ListItem>The value of this field is set in the <GUIRef href="/baanerp/tc/mcs/tcmcs0140m000" role="session">Exchange Rate Types (tcmcs0140m000)</GUIRef> session.</ListItem>
               <ListItem>This field only applies in case of a <Link href="/baanerp/tc/glossary/glossary#000047" role="glossary">standard currency system</Link> or an <Link href="/baanerp/tc/glossary/glossary#000025" role="glossary">independent currency system</Link>.</ListItem>
            </List>
         </Note>
      </FieldHelp>
      <FieldHelp ID="tcmcs008.excb" OtherIDs="express.in.base">
         <Header>
            <Title>Express in Base Currency</Title>
         </Header>
         <FuncDesc>If this check box is selected, ERP Enterprise uses the currency exchange rate to convert
		  the base currency into the foreign currencies.</FuncDesc>
         <SimpleSection>
            <Paragraph>If this check box is cleared, ERP Enterprise 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="tcmcs008.stdt">
         <Header>
            <Title>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, ERP Enterprise enters the current date and time in the <GUIRef href="/baanerp/tc/mcs/tcmcs0108m000#tcmcs008.stdt" role="manual">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="manual">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="manual">Effective Date</GUIRef> field or the <GUIRef href="/baanerp/tc/mcs/tcmcs0108m000#tcmcs008.apdt" role="manual">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 the standard currency system.</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, ERP Enterprise 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 ERP Enterprise 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, ERP Enterprise 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>Currency Rate</Title>
         </Header>
         <FuncDesc>The factor by which an amount in a different currency is
		multiplied to calculate the amount in the currency base.</FuncDesc>
      </FieldHelp>
      <FieldHelp ID="tcmcs008.ratf">
         <Header>
            <Title>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="manual">Express in Base Currency</GUIRef> check box, ERP Enterprise 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="manual">Express in Base Currency</GUIRef> check box, ERP Enterprise 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="defined.rate">
         <Header>
            <Title>Defined Rate</Title>
         </Header>
         <FuncDesc>The result of the specified currency exchange rate and rate
		  factor.</FuncDesc>
      </FieldHelp>
      <FieldHelp ID="tcmcs008.rapr">
         <Header>
            <Title>Rate  Approved</Title>
         </Header>
         <FuncDesc>To approve the rate, select this check box.</FuncDesc>
         <SimpleSection>
            <Paragraph>If you save the data, ERP Enterprise enters the date and
			 time of approval in the <GUIRef href="/baanerp/tc/mcs/tcmcs0108m000#tcmcs008.apdt" role="manual">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>Approval Date</Title>
         </Header>
         <FuncDesc>The date and time when you approved the rate.</FuncDesc>
      </FieldHelp>
   </Fields>
</Session>