There are many situations in which you might want to convert a cost from one currency to another. iCFM includes a Currency Editor so that you can use other currencies without needing to do your own calculations.
Currencies held in iCFM are not automatically updated as usually you would not want to rates to change if they have already been given out to customers or suppliers. Currency configurations are valid only for the specified period of time and will revert to the previous rates if there is no current valid config.
To check for live exchange rates we recomend xe.com, which you can also access from the Currency Editor page
To save a new Currency configuration:
- Menu > Admin Options > Currency Setup
- Clear the current form by clicking the Reset (New) button underneath the form
- Enter the new Valid From and Valid To dates
- Enter the current exchange rate into each of the currencies you require
- Save
To check for live exchange rates we recomend xe.com, which you can also access from the Currency Editor page
Please Note: The base rate for conversions is always GBP
You can reuse or amend a previous currency configuration at any time by selecting it from the list on the left hand side of the page and updating the valid dates.
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