Dynamics Community Forum Thread Details

Best selling price list structure to facilitate exchange rate changes?

We have a single selling price in our functional currency (GBP) for each inventory product.

We also sell our products in other currencies, specifically US Dollars and Euros.

We wish to amend the US$ and € prices when exchange rates change (perhaps as frquently as monthly given recent volatility).

Any suggestions on how to set up the price lists so that currency prices can be changed by 'simply' changing a central exchange rate would be greatly appreciated.

Thanks in anticipation.

Philip

Hi Philip.

Thanks for using Forums.

With Multi-Currency, as long as you have a valid exchange rate setup, the prices will automatically be updated.

So if, for example, you have a price list called 'RETAIL' and the selling price is 100.00 and today you have an exchange rate of 1.05, the selling price, in the foreign currency, would be 105.00. If you update your exchange rate table tomorrow to be 1.10, when you sell the same item, the price would be 110.00. No need to change your price list - the exchange rate functionality will take care of it for you.

Thanks!

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Dean

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