Multicurrency Dates

The system uses the Exchange Rate whose Active Date (Maintain>Multicurrency>Exchange Rates) is the same as the Effective Date.

• If there are two exchange rates with the same Active Date, the last one entered is the one used, regardless of any Expiration Date entered. Fore example, let's say 1.1948 is entered as the exchange rate, and then later that same day, 1.2036 is entered as a new exchange rate. When transactions are entered, the system uses the 1.2036 exchange rate, since it was entered last.
• If the dates are not the same, the system uses the rate with the closest Active Date prior to the Effective Date of the transaction.

If the Exchange Rates Expires check box is selected by the Administrator (Organization>Set Up Modules>Multicurrency), and the Effective Date entered during transaction entry is a date after the Expiration Date, the system displays a warning message. However, you can continue to enter transactions with a rate that has expired.