In international markets, organizations are required to monitor the various currencies used and the different exchange rates. Datastream 7i contains many predefined currencies; define additional currencies as necessary.
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Various parts of the Datastream 7i system rely upon currency for computing transactions. Therefore, even if you do not intend to use Datastream 7i to calculate currencies for international markets, you must at least enter a base currency and attach an exchange rate of "1" to it. |
Follow these steps to define currencies.
Open the Currencies form (SNCURR).
Foreign currency—Enter a unique code identifying the currency.
Description—Enter a description of the currency.
Class—Click to select the class of the currency. The classes shown belong to the CURR entity.
Euro—Enter the exchange rate only for those countries having fixed exchange rates to the Euro currency. The following equation illustrates this concept.
1 Euro = 1 national currency amount x exchange rate
Out of service—Select whether to remove this currency from the currency list of values.
Choose File | Save from the menu bar. Datastream 7i saves the information to the database.