> Example

Your base currency is NLG. You have created a purchase order for 60 filters at 10 FRF each from a company in France. The price of French filters must first be converted to EUR, then to NLG. Assuming the exchange rates are 8 FRF-EUR and 2.4 NLG-EUR, Datastream 7i calculates the following conversion:

60 filters @ 10 FRF = 600 FRF;

600 FRF/8 = 75 EUR;

75 EUR x 2.4 = 180 NLG

Follow these steps to define exchange rates.

  1. Open the Currencies form (SNCURR).

  2. Query for the currency for which to define exchange rates.

  3. Click the Exchange rates tab. Datastream 7i displays the Exchange rates page.

  4. Home currency—Enter the base currency against which to calculate the selected Foreign currency.

Datastream 7i automatically displays the currency associated with the organization of the current session. Click to select a different home currency. Datastream 7i displays only those currencies associated with organizations to which you have access.

   You can only define exchange rates for multiple currencies if the MULTIORG installation parameter is set to YES.

  1. Start date and End date—Enter the start date and end date for the rate.

  2. Exchange rate—Enter the exchange rate for the currency.

  3. Choose File | Save from the menu bar. Datastream 7i saves the information to the database.

   Because exchange rates change frequently, update this feature often.