Maintaining Exchange Rates
An exchange rate is the current market price for which one currency can be exchanged for another. The system uses exchange rates in order to display prices for items such as opportunities and products that are denominated in a currency other than the base currency of the system. For example, all quotes and order prices are calculated in a target currency in addition to the base currency.
Note: Some currency codes are provided during installation. If your QAD CRM system is integrated with a QAD ERP application, the initial data load procedures synchronize currency and exchange rate information between the applications.
Use the Exchange Rate Maintenance screen to maintain exchange rates. The Exchange Rate Maintenance browser displays the exchange rates currently defined for the selected currencies.
Note: When exchange rate data is modified, records for items that should reflect the new exchange rate are updated by the system only when opened by a user.
1 Choose Sales Management|Currencies|Exchange Rate Maintenance.
2 Right-click the Exchange Rate Maintenance browser and choose Add from the menu.
Note: This menu also contains options for deleting and editing existing exchange rates.
Exchange Rate Maintenance
Currency1
Enter a source currency.
Currency 2
Enter a target currency.
Currency 1 Units
Enter the source currency units. (Enter 1.0 to indicate this is the source currency exchange rate.)
Currency 2 Units
Enter the target currency units. For example, how many units of Currency 2 is worth a unit of Currency 1?
Start Date
Enter the date on which this exchange rate becomes effective.
End Date
Enter the date on which this exchange rate becomes ineffective.
