Exchange Rate: Sales & Returns

At the time of order creation the exchange rate corresponding to sell currency is attached to the order based on the below table. This rate is used to convert the sales, invoiced and paid value into the trading currency for reporting purposes. Note: the sell currency is synced to Xero.

Configuration

Setup is recommended when currencies are being established for the system.

Select the trading/base/local currency using the dropdown
Consider if the rate will be updated manually corresponding to hedged rate, or if this task will be automated and take the live rate. The default is to Auto-update based on live rates every Sunday evening.
If Auto-Update is selected, a buffer is recommended to consider a realistic rate that can be achieved. A percentage can be entered into the text box and will reduce all exchange rates except the trading currency which will remain at 1:1

Currency Maintenance

A new currency may be added by selecting the top right + icon. Please enter the 3 character ISO 4217 currency code. A rate need not be entered if the Auto-Update checkbox is ticked. Press the Enter key to save.

If Auto-Update is not selected, currencies can be configured manually. Click on the rate, type over it and press the Enter key to save.

A currency may be removed by selecting the bin icon to the right. Do so with extreme care as it will affect orders with that currency.