Using Currency Exchange Calculator Concept Using Currency Exchange
- Slides: 17
Using Currency Exchange Calculator Concept
Using Currency Exchange Calculator
Using Currency Exchange Calculator Step 1 Begin by navigating to the Currency Exchange Calculator page. Click the Scroll Down arrow.
Using Currency Exchange Calculator Step 2 Click the Set Up Financials/Supply Chain menu.
Using Currency Exchange Calculator Step 3 Click the Common Definitions menu.
Using Currency Exchange Calculator Step 4 Click the Currency menu.
Using Currency Exchange Calculator Step 5 Click the Currency Exchange Calculator menu.
Using Currency Exchange Calculator Step 6 Use the Currency Exchange Calculator page to compute the converted amount of an exchange between two currencies.
Using Currency Exchange Calculator Step 7 Use the From Amount field to enter the monetary amount to be converted. Enter the desired information into the From Amount field. Enter "1000".
Using Currency Exchange Calculator Step 8 Use the From Currency Code field to enter a currency code for the currency from which you are converting. Click in the From Currency Code field.
Using Currency Exchange Calculator Step 9 Enter the desired information into the From Currency Code field. Enter "INR".
Using Currency Exchange Calculator Step 10 Use the To Currency Code field to enter a currency code for the currency to which you are converting.
Using Currency Exchange Calculator Step 11 Use the Exchange Rate Type field to specify the type of exchange rate such as: average rate, commercial rate, current rate and official rate.
Using Currency Exchange Calculator Step 12 The system populates the Effective Date field for the exchange rate type based on the system date, usually the current system date. You can override this field if necessary.
Using Currency Exchange Calculator Step 13 Click the Calculate button.
Using Currency Exchange Calculator Step 14 The Converted Amount field displays the calculated currency exchange between the two currencies.
Using Currency Exchange Calculator Step 15 You have successfully calculated the currency exchange between two currencies at a specified rate type. End of Procedure.
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