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I have a user who is trying to create POs using foreign currencies. When she selects a currency ID (GBP, for example) in the Currency Selection screen, the effective date defaults to 1/1/2013. Unless she remembers to change the effective date to 1/1/2014, she will get last year's currency exchange rate on the PO. How do I change it so that the screen defaults to 1/1/2014?
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Hi Santhosh,
Thanks for the reply. In the Currency Rate Maintenance By Date screen, we have the following line configured:
Effective Date: 1/1/2014
From: GBP
To: US
Type ID: CONT
Multiply/Divide: Multiply
Rate: 1.57
Auto Calc Method: None
When I open the Currency Selection screen and Select GPB for the ID and CONT for the Rate Type, it is still defaulting to 1/1/2013. If the user changes the date to 1/1/2014, it calculates properly. I've been told the issue may resolve itself once January month-end is complete, but that sounds strange to me. I would expect it to use the most current exchange rate unless the user specifically selects an older effective date.
Hi
Whenever the currency rate changed user has to record the new value in Currency Rate Maintenance By Date (24.271.00) screen under Currency Manager module. User has to specify the new currency value and effective date properly. Based on this effective date, when user enters the foreign currency transactions, the rate is in effect for the currency ID, rate type, and effective date until an updated rate is entered.
Thanks
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