This section describes how to maintain currencies. It discusses the following topics:

Overview
Explains how currencies are used and maintained in the module.

Maintaining Currencies
Explains how to use Currency Maintenance.

Maintaining Exchange Rates
Explains how to use Exchange Rate Maintenance.

Today business organizations often handle information about products that originate outside their own national borders. Consequently accommodating multiple foreign currencies and establishing exchange rates is a common business practice.

The Currencies module in the Sales Management folder provides a full set of functions that enables your system to support product pricing information.

Use the Currencies module to define currencies and maintain exchange rates. You must define one currency as your system base currency. You can define as many other currencies as your company uses.