<?xml version="1.0" encoding="utf-8"?>
<ManualTopic ID="/baanerp/tc/onlinemanual/000024" xml:lang="en">
   <Header>
      <Title>To use currency formats</Title>
      <Keyword type="header" order="d1e1458629">
         <Level1>Currency</Level1>
         <Level2>formats</Level2>
      </Keyword>
   </Header>
   <GeneralSection>
      <Paragraph>You use currency formats
		to define the precision that ERP Enterprise uses to display and round currencies. You
		must define a currency format for each currency that you define.</Paragraph>
      <Paragraph>ERP Enterprise can handle a
		number of different currencies for one <Link href="/baanerp/tc/glossary/glossary#LogistCompan_tc" role="glossary">logistic company</Link> or <Link href="/baanerp/tf/glossary/glossary#FinancCompan_tf" role="glossary">financial company</Link>. The different currencies
		can require a different degree of precision.</Paragraph>
      <GeneralSection>
         <SectionTitle>Low degree of precision</SectionTitle>
         <List>
            <ListIntro>Currencies of which the basic unit represents a relatively
			 low value usually require a low degree of precision. Amounts in these
			 currencies are generally presented as whole numbers. For example:</ListIntro>
            <ListItem>The Japanese Yen.</ListItem>
            <ListItem>The Korean Won.</ListItem>
         </List>
      </GeneralSection>
      <GeneralSection>
         <SectionTitle>High degree of precision</SectionTitle>
         <List>
            <ListIntro>Currencies whose basic unit represents a relatively high
			 value usually require a high degree of precision. Amounts in these currencies
			 are generally presented with two or more decimals. For example:</ListIntro>
            <ListItem>The American dollar.</ListItem>
            <ListItem>The European Euro.</ListItem>
            <ListItem>The Brazilian real.</ListItem>
         </List>
      </GeneralSection>
      <GeneralSection>
         <SectionTitle>Format codes</SectionTitle>
         <Paragraph>You use format codes
		  to define more than one format for a currency. You can define formats with
		  different degrees of precisions to be used for different purposes.</Paragraph>
         <Paragraph>For example, you can
		  calculate invoice amounts with a higher degree of precision than you use to
		  calculate internal costs.</Paragraph>
      </GeneralSection>
   </GeneralSection>
   <RelatedTopics>
      <SectionTitle>Related topics</SectionTitle>
      <RelTopic>
         <Link href="/baanerp/tc/onlinemanual/000025" role="manual">Defining format codes</Link>
      </RelTopic>
      <RelTopic>
         <Link href="/baanerp/tc/onlinemanual/000026" role="manual">To define currencies</Link>
      </RelTopic>
      <RelTopic>
         <Link href="/baanerp/tc/onlinemanual/000078" role="manual">To use flexible formats</Link>
      </RelTopic>
   </RelatedTopics>
</ManualTopic>