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Base Currency Rates

This setting in the System module is only used by the Dual-Base system. Having entered the Currencies used in your business using the Currency register and defined your two Base Currencies using the Base Currency setting, an exchange rate between the two should now be entered.

If there is a fixed exchange rate between the two Currencies, a single record expressing that relationship should be entered to this setting. Otherwise, each time the exchange rate changes, you should enter a new record to the setting rather than modifying an existing record. This ensures an accurate history will be created which will then be used when currency conversions are required when producing reports.

This setting should only be used for exchange rates between the two Base Currencies. All other exchange rates should be stored in the Exchange Rate register in the System module.

Double-clicking 'Base Currency Rates'