Foreign Exchange Rates

For translating transactions involving foreign currency, the exchange rate with reference to the base currency must be defined, as CREST ERP uses fixed forex conversion rate tables.

You can define a new exchange rate using the Create Exchange Rate link

Choose the From and To currencies, which will be between the system base currency and an external currency. The purpose can be left blank. Enter the rate in the 99.9999 format. The new rate will be effective from the ‘From Date’ and will stop being effective on the ‘Thru Date’. Click Create to save the rate

*Exchange rates entered in CREST ERP cannot be deleted. To expire an existing rate, simply enter a new rate with the desired expiry date as the From Date.

All exchange rates existing in the system can be listed by using the Search option.

You can also list the rates for specific currency pairs or for specific dates.