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Introduction

Currency exchange or conversion rates are maintained in this application. This data is used in diverse areas of the Scope system such as billing, payables and tariffs.

 

Description

New

Opens a pop-up window in which a new currency may be created.

Edit

Opens the currency highlighted using the currency editor in order to edit the currency details.

Delete

Deletes the highlighted currency.

Refresh

Updates the index to ensure the latest currencies and their rates are present.

Import...

Opens a popup window that allows import of external exchange rates into the application.

Table - Exchange Rates

A complete list of currencies and their rates.

New Currency

Currency

The 3 digit currency code of the new currency. This is a search field that can be used to find currencies available on the system.

Unit

The drop-down list provides a list all possible units:

Local currency unit

=

Units of foreign currency

1

 

1

1

 

10

1

 

100

1

 

1000

Direct Quotation (Parity)

This checkbox is used to determine if the currency is quoted directly or indirectly.

Quotation

Description

Example

direct

The exchange rate is expressed per unit of foreign currency

Local currency = EUR

1 USD = 0.8084 EUR

indirect

The exchange rate is expressed per unit of flocal currency

Local currency = EUR

1 EUR = 1.273 USD

OK

Saves the currency and exits the popup window.

Cancel

Exits the pop-up window without saving any changes.

Currency Editor

Currency Table: Code Units and Quotation type

The title of the currency table show the details of the currency and the listing beneath shows the actual exchanges rates. No rate is highlighted in the table, but any row may be selected and the details of this row will appear in the area below the table. This valid date and rates may then be adjusted. On selecting the Apply option, the new rates will appear in the table while the rates on which they were based will still be present.

Exchange rates should be maintained regularly. By appending new rows, an excahnge rate history will be built. This is useful since currency conversions are performed retrospectively. It is not necessary to maintain all the rate types of a currency, some may be left blank. (See also the table exchange rates / rate types)

Valid from

The Date, from which the exchange rate is valid.

Exchange rates / _Rate Types _

For each currency it is possible to maintain different types of exchange rates:

Rate Type

Description

Used In

Alternatively, if not maintained

Day Rate

Exchange rate at invoice level

Incoming and Outgoing documents

 

House Rate

Exchange rate on an invoice line level

Incoming and Outgoing documents

 

Selling Rate

 

 

 

IATA Rate

 

 

 

Country specific tariff rate

Exchanges rates specified by customs

Customs applications

 

Apply

Stores the rates and updates the summary table.

Close

Closes the currency editor.