Visma.net ERP

Currency rates (CM301000)

This topic gives you information about the elements that you find in this window in Visma.net ERP, such as fields, field values, buttons, and check boxes.

In this window, you can view rates that were effective on a specific date and enter new effective rates for multiple currencies.
You can maintain the exchange rates of foreign currencies with respect to the base currency as frequently as you need to.

In Visma.net ERP, cross-rates are not supported.
The rates defined with respect to currencies other than the base currency are used for translations only.

The top part

In the top part, you can select a currency and a date, so you can view the exchange rates of other currencies on that date with respect to the selected currency, and enter new rates.

Element	Description
To currency	The currency (listed by its ID) that the exchange rates of other currencies are listed with respect to in the Rate details table (in the Currency rate entry tab). By default, this currency is the base currency. You can add currencies in the Currencies (CM202000) window.
Effective date	The particular date for which you can view the exchange rates (with respect to the selected currency). Also, this is the effective date for any new rates you enter. The value that you specify in this field is used differently on the Currency rate entry and Effective currency rates tabs in this window. On the Currency rate entry tab, this value works as the default date, which the system inserts in the Currency effective date field when you add a row and enter rate details in the table. On the Effective currency rates tab, the system displays the list of currency pairs with the rates that are effective on the specified date.

Element

Description

To currency

The currency (listed by its ID) that the exchange rates of other currencies are listed with respect to in the Rate details table (in the Currency rate entry tab).

By default, this currency is the base currency. You can add currencies in the Currencies (CM202000) window.

Effective date

The particular date for which you can view the exchange rates (with respect to the selected currency).
Also, this is the effective date for any new rates you enter.

The value that you specify in this field is used differently on the Currency rate entry and Effective currency rates tabs in this window.

On the Currency rate entry tab, this value works as the default date, which the system inserts in the Currency effective date field when you add a row and enter rate details in the table.
On the Effective currency rates tab, the system displays the list of currency pairs with the rates that are effective on the specified date.

The Currency rate entry tab

The table on this tab lists the effective exchange rates on the selected date (if any).

On this tab, you can enter an exchange rate for a required currency pair.

Column	Description
From currency	The ID of the currency whose exchange rate is shown with respect to the To currency.
Currency rate type	The rate type specified for the selected currency pair.
Currency effective date	A certain date on which the currency rate becomes effective.
Currency rate	The currency exchange rate. For currency conversion, this rate is used along with the operation specified in Mult./div. The value normally indicates the number of currency units per one unit of the other currency.
Mult./div.	The operation required for currency conversion: Divide or Multiply.
Rate reciprocal	The value that is inverse to the specified exchange rate. This automatically calculated value is listed primarily for informational purposes but can be used for some inverse transactions.

The Effective currency rates tab

The table on this tab lists the exchange rates that are effective on the selected date.

Column	Description
From currency	The currency whose exchange rate is shown with respect to the currency selected as the To currency.
Currency rate type	The rate type specified for the selected currency pair.
Currency effective date	A certain date on which the currency rate becomes effective.
Currency rate	The currency exchange rate. For currency conversion, it is used along with the operation specified in Mult./div. The value normally indicates the number of currency units per one unit of the other currency.
Mult./div.	The operation required for currency conversion: Divide or Multiply.
Rate reciprocal	The value that is inverse to the specified exchange rate. This automatically calculated value is listed primarily for informational purposes but can be used for some inverse transactions.

Related concepts

Currency management windows - overview

About currency rate entry

About historical currency rates

Related tasks

Create a rate type

Add a currency rate

Related reports

Currency management reports - overview

Related windows

Currency rate types (CM201000)

Currency management preferences (CM101000)

Currencies (CM202000)