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Conversion Rates

Application > General Setup > Application > Conversion Rates

Overview

Conversion rate also called currency exchange rate is the rate at which one currency may be converted into another one.

Info

Conversion rates can only be created at system organization level (*), which implies they are available for all the organizations within the client.

Conversion Rate

Conversion rates window allows the user to create the rates to be used for multi currency transactions.

Etendo requires the user to enter and maintain currency exchange rate in both senses, that means to enter at the same time the two rates below:

  • Multiple rate by: Which is the rate by which the base amount will be multiplied for to calculate the converted amount.
  • Divide rate by: Which is the rate by which the base amount will be divided by to calculate the converted amount.

For instance, USD exchange rate to EUR should have a Multiple rate by = 0.68 setting and a Divide rate by = 1.47 setting, as shown in the image below:


This work is a derivative of General Setup by Openbravo Wiki, used under CC BY-SA 2.5 ES. This work is licensed under CC BY-SA 2.5 by Etendo.