Currency conversions

When you specify a foreign currency on a purchase requisition or purchase order, two values are calculated: the total cost that is expressed in the foreign currency, and the total base cost that is expressed in the base currency or your company currency.

Example of currency conversion

Your base currency is US$ (US dollar). You enter a purchase requisition for gaskets to be ordered from a French company. On the PR tab, select EUR (Euro) in the Currency field. On the PR Lines tab you enter 25 in the Quantity field, and 3.14 in the Unit Cost field. Using the active exchange rate of 1.17726 for the EUR, two values are calculated and displayed on the PR tab:
  • Total Cost: (25 x 3.14 Euro) = 78.50 Euro
  • Total Base Cost: (78.50 Euro x 1.17726 exchange rate) = 92.41 US dollars


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