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Use this form to set up a fixed exchange rate for an invoice project. A fixed exchange rate is used when you invoice foreign customers. When a fixed exchange rate is defined for a project, the customer pays the bank to freeze the exchange rate so that it stays the same for the whole project period and the bank pays any fluctuations on the exchange rate.
Fixed rate agreements are for internal use only. Price calculations are not based on fixed rate agreements, but if you have a fixed rate agreement set up on an invoice project, transactions posted to projects on this invoice project are calculated using the fixed rate agreement. Also, accrued revenue is posted using the fixed rate agreement.
Navigating
the form
The following tables provide descriptions for the controls in this form.
Tabs
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Tab |
Description |
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Create an exchange rate setup for the invoice project. The exchange rates are based on the sales currencies that are set up in . |
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View and define details for an individual exchange rate setup. You can also enter a if you have received one from your bank. |
Fields
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Field |
Description |
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Enter the currency of the hedging agreement. |
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Enter the fixed exchange rate agreement number received from the bank. |
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Project from which invoicing is carried out. |
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Enter the currency of the hedging agreement. |
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Enter the fixed exchange rate agreement number received from the bank. |
