Currency Considerations

Multi-Currency Environments

If an item on a sales order is sourced out of a warehouse that is different from the selling warehouse, and if the warehouses are associated with different base currencies, the item's unit cost will be converted automatically to the base currency of the selling warehouse.

In a multiple-currency environment, sales orders may be priced in a foreign currency.  Foreign amounts are converted to base currency amounts using exchange rates.  In a single currency environment, foreign currency and exchange rate fields are not displayed.

Foreign Currencies

When a sales order or debit/credit memo is recorded, a foreign currency code may be selected.

If the customer is a single-currency customer, the sales order document must be priced in the customer's currency.  This currency will be defaulted if a currency code is not entered on the screen.

If the customer is a multiple-currency customer, the sales order document may be priced in any defined currency.  If a currency is not entered, the customer's preferred currency will be defaulted.

Exchange Rates

The exchange rate from foreign to base currencies will default from the current exchange rate defined on the Currency Master file.  It may also be overridden.  Optionally, an exchange rate limit may be specified on Reference File category 132 to prevent the entry of an exchange rate that differs from the current rate by an excessive margin.