Currency Exchange Rates
Maintains records of the foreign currency exchange rates and their effective date. This table can be manually created or created from a reporting service. See Gravity Foreign Currency Implementation. FX rates are created once for all Entities.
Gravity uses the Open Exchange Rates organization ( https://openexchangerates.org/) to supply the FX Rates. To set up automatic exchange rate updates, select the Master Entity and define the following:
Exchange Rate Frequency
Set the Following option:
- Daily
- Weekly
- Monthly
- Manual - at manually add the exchange rates.
Open Exchange AppID
Use the ID "d371ead4f02e4e1c927b18a14cadf618"
Next Currency Update
Set the date of the next update.
General
Name
Enter a name for the record. We recommend a name that includes both currencies for easy identification such as "CAD to EUR"
Effective Date
Enter the date that the FX rate becomes effective. When entering a transaction the Apply Date used will be matched with the Effective Date to apply the FX rate.
From Currency
List the from Currency
To Currency
List the to currency
Rate
Enter the FX Rate.