When working with multiple currencies, setting exchange rates is a must. In a flexible exchange rate practice, the rate of different currencies may vary on a daily basis, however if your business works with fixed exchange rates, the rate (or rates) remain the same for a defined period of time. For the latter, SAP Business One introduces a quick entry form:

In the “Set Rate for Selection Criteria” window, you can set a date range, select the relevant currencies from the list and specify the exchange rate for each currency for the defined date range. You then need to click OK, and choose the ‘Update’ button on the ‘Exchange Rate and Indexes’ window to apply the rates you entered to the selected currencies and date range.

Available in SAP Business One 9.3, version for SAP HANA and SAP Business One 9.3.

We hope that you find this tip useful! For more information on Business One you can visit our webpage or get in touch.

Source: Ari Schapira | SAP Business One – The Tip of the Week