Creating New Currency Exchange Rates
Currency Exchange Rates are records in Aedon which the package uses to calculate the Exchange Rate between two currencies.
Unfortunately, this is a manual process, but it is very easy to complete and maintain.
Tip
The Currency the Company is set to will default in the ‘From Currency’ field.To get the exchange rate between the two currencies on the date, we’d recommend using xe.com.We also recommend setting up the Currency Exchange Rate on the day you calculate the rate. This should also be entered in the field to 7 decimal places for the highest accuracy.
Step-by-Step Guide
- From the Admin Menu, Select the Currency Exchange Rates tab.
- Click New.
- Enter the currency you wish to convert to in the ‘To Currency’ field.
- Enter the date in which you want this conversion to commence from.
- Enter the exchange rate as of that date in the ‘Exchange Rate’ field.
- Click Save
