Does anyone maintain a Saudi Arabian entity on MSD365 and update exchange rates from SAMA website?

(2) Share

Report

Posted on by Community member

We have recently registered an entity in Saudi Arabia and it is a regulatory requirement to use the SAMA (Saudi Arabian Monetary Authority) exchange rates when converting currency transactions in the SA entity. Microsoft have confirmed that they do not support SAMA exchange rates as standard and we are unable to find any form of API that we can use to automate the extraction of exchange rates from the SAMA website in to MSD365. Does anyone else have a Saudi Arabian entity and if so how do you update the daily exchange rates in MSD365?

I have the same question (0)

All responses (4)

Answers (2)

Verified answer

Anthony Blake 2,926 Super User 2025 Season 2 on at

Like (1)

Report

Not supported out of the box, but there's developer documentation to add a new exchange rate provider to the standard framework:

https://learn.microsoft.com/en-us/dynamics365/fin-ops-core/dev-itpro/financial/create-exchange-rate-providers#writing-an-exchange-rate-provider

You can use this to add SAMA.

Was this reply helpful? Yes No
Verified answer

Kevin Xia Microsoft Employee on at

Like (1)

Report

Hi,

You need to contact SAMA, ask them to provide api for you to call, and then write an exchange rate provider according to the website provided by Anthony, so that the daily exchange rate can be automatically updated. If they do not provide such api for you, I'm afraid you can only update the daily exchange rate manually, or there is another method: you can write a python script to capture the data of the SAMA website (Please comply with local laws and regulations, in some countries under some specific scenarios, the use of python script to capture data is illegal), which is more convenient.

Best regards,

Kevin

Was this reply helpful? Yes No
Community member 13 on at

Like (1)

Report

Thank you both.

Anthony, the system won't let me tick the box to say this answers my question for some reason!

Was this reply helpful? Yes No
Kevin Xia Microsoft Employee on at

Like (1)

Report

Hi,

That's ok, I have helped you mark Anthony's answer as verified.

Best regards,

Kevin

Was this reply helpful? Yes No

Join the conversation

Community site session details

Does anyone maintain a Saudi Arabian entity on MSD365 and update exchange rates from SAMA website?

Helpful resources

Quick Links

Responsible AI policies

Neeraj Kumar – Community Spotlight

Congratulations to the November Top 10 Community Leaders!

Leaderboard > Finance | Project Operations, Human Resources, AX, GP, SL

Featured topics

Product updates

Community site session details

Does anyone maintain a Saudi Arabian entity on MSD365 and update exchange rates from SAMA website?

Helpful resources

Quick Links

Responsible AI policies

Neeraj Kumar – Community Spotlight

Congratulations to the November Top 10 Community Leaders!

Subscribe to this forum!

Select categories

Leaderboard > Finance | Project Operations, Human Resources, AX, GP, SL

Featured topics

Product updates