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Documentation > MAC-PAC Reference and Help > Glossary > Exchange Rate

Exchange Rate

 

This is the currency exchange rate at the date the open item was created.  This rate is used to convert the originating currency transaction amounts into the bookkeeping (base) currency.  This field is displayed only if the system option is multiple currency.  If left blank and the transaction is multi-currency, the exchange rate will default to the rate defined for the account. Currency codes, and their related exchange rates, are defined on the currency master file.