Exchange Rates

An exchange rate is the value at which one currency can be exchanged for another currency. It determines how much of one currency is needed to purchase a unit of another currency.Exchange rates are entered against the company currency.

To create  Exchange Rates, goto   Banking > Settings > Exchange Rate
                                                                                        (or)
                                                                 Setup > Banking > Exchange Rate

Enter the required details in the provided fields:
  • Country: Select the country from the dropdown menu.
  • Date: Use the date picker to select the date.
  • Exchange Rate: Click the Get button to automatically retrieve the exchange rate value.
After saving the exchange rate, it will be displayed in the master table.You can also edit and delete currencies.In this system, users can efficiently manage exchange rates and ensuring accurate financial data for various transactions.

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