General ledger> Setup> Translation> Currency groups

Use this form to set up rules for currency conversion from the source company's currency to the target company's currency.

Task that uses this form

Navigating the form

The following tables provide descriptions for the controls in this form.

Tabs

Tab

Description

Overview

Enter the currency group code and a description for the currency group.

General

View or modify the Rule group, Currency, or Descriptionfields.

Currency conversion rules

Set up the currency and rate method for the currency conversion rule.

Indexes and amounts

Set up the inflation indexes and amounts.

Fields

Field

Description

Rule group

Select the translation group for which the currency relationship is being set up.

Currency group

Enter a unique currency conversion rule group code.

Description

Enter a text description for the currency conversion group.

To company

The code of the target company for which the conversion currency translation is being done.

Currency

Select the currency code for the source company for which the conversion rule is being set up.

Rate method

Select the currency conversion method from the following options:

  • No changes– A transaction is created during translation for the target company whose amount and currency will equal that for the source company. The amount in the default and secondary currencies is calculated by using a conversion that corresponds to the target company's exchange rates.

  • Use indexes– If this option is selected, specify the rules for determining transaction amounts for the target company using indexes on the Indexes and amountstab.

  • Use exchange rates– If this option is selected, specify the rules for determining the transaction amounts in the transaction currency on the Indexes and amountstab.

Inflation (cur)

Select the conversion index for transaction currency.

Note Note

This field is activated if you select Use indexesin the Rate methodfield.


Inflation (MST)

Select the conversion index for a standard currency.

Note Note

This field is activated if you select Use indexesin the Rate methodfield.


Inflation (sec)

Select the conversion index for a secondary currency.

Note Note

This field is activated if you select Use indexesin the Rate methodfield.


Amount (cur)

Specify the rules for determining the transaction amounts in voucher currency from the following options:

  • From transaction currency– The amount is calculated by conversion using the target company's exchange rate.

  • Zero– Assumes a value of 0.

  • Amount currency– The amount is copied from the source transaction.

  • Amount in default currency– The amount is copied from the source transaction amount in the default currency.

  • Amount in secondary currency– The amount is copied from the source transaction amount in the secondary currency.

  • 1(one)– Assumes a value of 1.

    Note Note

    This field is activated if you select Use exchange ratesin the Rate methodfield.


Amount (MST)

Specify the rules for determining the transaction amounts in primary currency from the following options:

  • From transaction currency– The amount is calculated by conversion using the target company's exchange rate.

  • Zero– Assumes a value of 0.

  • Amount currency– The amount is copied from the source transaction.

  • Amount in default currency– The amount is copied from the source transaction amount in the default currency.

  • Amount in secondary currency– The amount is copied from the source transaction amount in the secondary currency.

  • 1(one)– Assumes a value of 1.

    Note Note

    This field is activated if you select Use exchange ratesin the Rate methodfield.


Amount (sec)

Specify the rules for determining the transaction amounts in secondary currency from the following options:

  • From transaction currency– The amount is calculated by conversion using the target company's exchange rate.

  • Zero– Assumes a value of 0.

  • Amount currency– The amount is copied from the source transaction.

  • Amount in default currency– The amount is copied from the source transaction amount in the default currency.

  • Amount in secondary currency– The amount is copied from the source transaction amount in the secondary currency.

  • 1(one)– Assumes a value of 1.

    Note Note

    This field is activated if you select Use exchange ratesin the Rate methodfield.