Create Monthly and Daily Forex Rates

At IMS, the user can create a base currency and other multi – currencies. Then it is up to the user to input the monthly and daily rates eg actual forex rate or standard rate (in- house rate).

1) First, determine the base currency

2) Enable Foreign Currency Function

3) To create a New Currency with Monthly Rate

For example – US$

3) To create a Daily Rate of an existing currency

At General Setup, click Currency & Tax and Currency Profile

a) Select Day Currency Rate, choose currency and period