Create a budget reference rate

Create a budget reference rate to set the exchange rate between currencies.

Before you begin

Role required: budget_admin

Procedure

  1. Navigate to Financial Planning > Administration > Budget Reference Rates.
  2. Click New.
  3. Fill in the form fields (see table).
  4. Click Submit.
  5. If you make changes to the rates, click Recalculate related budget items. This forces the application to recalculate budget items based on the new rate. You can also perform this task for the items in a single budget plan.
    Table 1. Budget Reference Rate form fields
    Field Description
    From Currency The currency you are basing the exchange rate on.
    To Currency The currency you are converting to.
    Start Date The start date to use the currency conversion rate.
    End Date The end date to use the currency conversion date.
    Rate The number of base currency units for the conversion. For example, if the base unit is US dollars and you want to convert based on 1 US dollar, enter 1.