web
You’re offline. This is a read only version of the page.
close
Skip to main content
Community site session details

Community site session details

Session Id :
Dynamics 365 Community / Forums / Microsoft Dynamics CRM (Archived) / Multi-currency
Microsoft Dynamics CRM (Archived)

Multi-currency

(0) ShareShare
ReportReport
Posted on by Brian Geraghty 2,040

I found several posts about multi-currency, but I didn't find this specific answer: I have a client that is getting ready to roll out to Europe; and while their German counterparts may very well be entering in records in Euros, can I just report everything in Dollars if I base the reports upon the (base) fields since Dollars are the base currency?

I appreciate any help, as always.

thanks!

~Brian

*This post is locked for comments

I have the same question (0)
  • Brian Geraghty Profile Picture
    Brian Geraghty 2,040 on at
    RE: Multi-currency

    Thanks as always; I love this community! Speedy, speedy answers.

  • Verified answer
    ScottDurow Profile Picture
    ScottDurow 21 on at
    RE: Multi-currency

    Hi Brian,

    Each record can be assigned a single currency, so that all money values on that record are entered in the selected currency. A user can specify a default currency to use when creating records, but there are also mappings from some records so that for instance, quotes will adopt the same currency as the customer.

    Once a record has currency defined, any money values entered and saved are automatically converted to the based currency using the exchange rate that is in the settings at that time. BOTH the local currency value and the base currency values are stored on the record at that point in time and they are not recalculated if the exchange rate changes UNLESS the money value is changed at which point the latest exchange rate is used to re-calculate the base amount.

    If your base currency is USD and there are records being entered in EUR, you can do advanced finds, views and reports in USD because all records will have a USD money value (base) irrespective of the local currency that was used.

    What you can not do is compare & total up money values from two records together that have different currencies where neither are the base currency - you would always have to compare and total the base currency values.

    Does that make sense and answer your question?!

    It's a really interesting subject, and I've had to implement data warehouse solutions outside of CRM in the past to provide multi-currency reporting where my clients needed to compare currency A against currency B and not always in the base currency also using the exchange rate at a specific point in time.

    hth,

    Scott

Under review

Thank you for your reply! To ensure a great experience for everyone, your content is awaiting approval by our Community Managers. Please check back later.

Helpful resources

News and Announcements

Join experts in person to explore low code and AI agents at the Power Platform Community Conference sponsored by Microsoft

Quick Links

Responsible AI policies

As AI tools become more common, we’re introducing a Responsible AI Use…

Abhilash Warrier – Community Spotlight

We are honored to recognize Abhilash Warrier as our Community Spotlight honoree for…

Congratulations to the September Top 10 Community Leaders!

These are the community rock stars!

Leaderboard > 🔒一 Microsoft Dynamics CRM (Archived)

#1
HR-09070029-0 Profile Picture

HR-09070029-0 2

#2
ED-30091530-0 Profile Picture

ED-30091530-0 1

Last 30 days Overall leaderboard

Featured topics

Product updates

Dynamics 365 release plans