Manage currency rates - overview

In Visma.net ERP, you can maintain the exchange rates of foreign currencies with respect to the base currency or any other foreign currency as frequently as needed.
You can configure any required currency in the system, and enter effective rates for the currencies on any selected date.
You can then view the rates that were effective on a specific date as well as review the rate history for any required currency pair.

Moreover, in Visma.net ERP, you can configure different parameters for the same currency pair that can be used in operations with different suppliers or customers.
To do this, you create a rate type.
The rate type provides all currencies configured in the system with the particular parameters you specify.
You can create any number of rate types.

For the rate type, you can turn on the online currency rate synchronisation functionality to refresh the currency rates by using the online service.

This topic provides information on configuring and maintaining the currency rates and rate types in Visma.net ERP.

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