Exchange rate fields
Field | Description |
|---|---|
Registration date | Enter the registration date. This is the date on which the exchange rate has been published by a financial system. |
Start date / end date | Enter the start and end date of the exchange rate's period, for example, the monthly average of the month January 2017 (1-1-2017 - 31-1-2017). If you register a spot rate, you can check the valid spot rate on a certain date, i.e. the spot rate valid between the start date and end date. |
Period | Enter the exchange rate's period. For spot rates, the Period is one day by default. If you skip a number of days in a row, the system will stretch the end date of the previous registration to make it a consecutive sequence. For average rates, you can only specify a period of one month. The following applies to average exchange rates: • after you have defined an initial period, the subsequent periods are automatically defined by Planon. There can be no gaps in the time line. • you can only have one average rate per currency pair • average rates are always on a monthly basis |
Currency pair | Select the relevant currency pair. For more information on currency pairs, see Currency pair and Currency pair fields. |
Conversion factor | If two currencies are very different, you can enter a conversion factor in this field for the conversion. Example: You specified a conversion factor of 0.001 and an exchange rate of 0.023. The actual exchange rate between the Iranian Rial and the US Dollar is 0.000023 (in other words: with 1 Iranian Rial, you can get 0.000023 US Dollar). The actual exchange rate is calculated by multiplying the Exchange Rate (0.023) with the Conversion Factor (0.001) = 0.000023. |
Exchange rate | Specify the applicable exchange rate. |
 | To restore an entry in a sequence, you must delete entries from its end. |