Currency Conversion

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Posted on by CU22110116-1

Hi,

I´m reviewing the functionality of the Conversion field in the currency setup in Dynamics 365 Finance. According to Microsoft documentation:

“Allows the display of financial information in another currency in forms and reports.

However, when the field is enable , i dont see any effect in forms or standard reports.

What is the use of this field ?

Thanks.

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Dynamics 365 Finance

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Martin Dráb 239,029 Most Valuable Professional on at

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A conversion is necessary to be able to recalculate an amount in one currency in another currency. But it doesn't mean that amounts will suddenly display in another currency.

What is the business scenario you'd like to address. Which form are you talking about? How do you want to define to which currency should all amounts be converted to?

Moved from Integration, Dataverse, and general topics forum to Finance | Project Operations, Human Resources, AX, GP, SL forum.

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Navneeth Nagrajan 2,538 Super User 2026 Season 1 on at

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Hi @CU22110116-1,

The conversion option that exists on the Currencies page has a dependency on an Online numeric conversion tool in Dynamics 365 Finance and this is available as a feature. it converts numeric values between different currencies using the exchange rates defined in the system. On enablement, you can enter source currency, target currency and the amount to convert. Based on your setup whether it is direct or triangulation the system applies the exchange rate. Ensure you have the rate applied on the specified transaction and check for the dates while applying the exchange rates. It has a dependency on an utility tool and is not a transactional feature - meaning it doesn't create accounting entries. The tool won't return the correct result if there are missing exchange rates or misconfigured exchange rates. This is a helper that is available for validation, audits and training.
Note: The converted amounts in the selected currency are not saved in the database.

Assumptions:

Assuming you are referring toe the Conversion field highlighted in the screen clip below.

References:

https://learn.microsoft.com/en-us/troubleshoot/dynamics-365/finance/general-ledger/add-change-accounting-reporting-currency

Hope this helps. Happy to answer questions, if any.

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CU22110116-1 60 on at

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Hi,

Yes, this is the checkbox I was referring to. There isn’t anything specific I need to configure with it, because the company uses CAD as the accounting currency and USD as the reporting currency. The system handles this correctly.

However, when I was showing the configuration to the client, he asked me about the purpose of this checkbox. I enabled it and checked the reports to see how it is displayed, but I couldn't find any visible change.

According to its intended use, this checkbox should allow the numeric conversion tool to display amounts in any additional currency for which the option is enabled. In other words, if I activate this checkbox for a currency, the tool is supposed to show the amounts in that currency in the reports.

Since this doesn’t appear in the reports, I would like to understand where this feature is actually applied, as I haven’t been able to see it reflected anywhere in the system.

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Martin Dráb 239,029 Most Valuable Professional on at

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Aha, so you're talking about Online numeric conversion tool. The Conversion checkbox there means that the currency will be available in Organization administration > Select currency and Common > Common > Select currency. That's it. Checking the checkbox won't influence any other form or report. If you want to change the currency of the session and benefit from online numeric conversion tool, you need to use Select currency form, pick one of currencies that are enabled for this purpose and click OK.

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