How do I edit the exchange rate conversion settings?

Exchange rate conversion settings determine how exchange rates will be calculated. Note that a PowerSteering team member must enable exchange rates for your site AND the ability to have multiple exchange rates before you can use this feature. This article describes how to edit the exchange rate conversion settings.

1. Click Exchange Rates

Click Exchange Rates
  1. On the Icon Bar click the Admin button.
  2. Click Configuration to expand the menu, then click Exchange Rates.

Note: The exchange rate and multiple exchange rate features must be enabled by a PowerSteering team member.

2. Edit Exchange Rate Conversion Settings

  1. Select an exchange rate conversion setting.
  2. Select a default currency.
  3. Click Save.

Base on latest exchange rate: PowerSteering applies the most recent exchange rate to all currency conversions regardless of the time period.

Base on transaction date: PowerSteering will look at the time period tied to the data and apply the rate that matches that time period.

Default Currency: The currency that will be used as the default currency across PowerSteering.

2.1. Base on Latest Exchange Rate

  • PowerSteering applies the most recent exchange rate to all currency conversions regardless of the time period. In the table above, the most recent exchange rate (3.5) was used for all currency conversions.  

2.2. Base on Transaction Date

  • PowerSteering will look at the time period tied to the data and apply the rate that matches that time period. In the table above, the exchange rates for January 2014 (1.5), January 2015 (2.5), and January 2016 (3.5) were applied to each respective currency conversion.

0 Comments

Add your comment

E-Mail me when someone replies to this comment