Accounting › Ledgers & Principles
Exchange Rates
What a currency was worth on a date, per rate type. A balance sheet translates at closing and a P&L at average — using one for both is the commonest consolidation error there is.
Where to find it
- Module: Accounting
- Group: Ledger
- Section: Ledgers & Principles
- Screen: Exchange Rates
Address in the console: /accounting/exchange-rates
List · 8 columns · 7 fields on its form · 5 of them required
What the list shows
These are the columns of the list, in the order they are drawn. Any of them can be sorted on, filtered on, hidden, or exported.
| Column | Kind | Field name |
|---|---|---|
| From | Date | valid_from |
| From | Code | from_currency |
| To | Code | to_currency |
| Type | Status | rate_type |
| Rate | Number | rate |
| Change % | Number | change_pct |
| Source | Status | source |
| Entered by | Text | entered_by_name |
The form
What is asked for when a record is created here. Required fields are marked; a choice drawn from a configuration list is one an administrator can extend without a release.
| Field | Type | Choices | Notes |
|---|---|---|---|
| From currency required | Choice | Looked up from existing records | |
| To currency required | Choice | Looked up from existing records | |
| Rate type required | Choice | CLOSING, AVERAGE, HISTORIC, SPOT, BUDGET, FORWARD | Closing for the balance sheet, average for the income statement, historical for equity. |
| Valid from required | Date | ||
| Rate required | Number | ||
| Source | Choice | manual, feed, central_bank, contract | |
| Source reference | Text |
The rules that apply here
Everything on this screen obeys the platform rules rather than rules of its own. The ones worth knowing before you use it:
- Narrowing a list — search, conditions, sort, totals, export and saved views.
- What may be changed — the five grounds a record may not be edited on.
- Companies and business units — what the switcher above this list is doing to it.
- Creating a record — required fields, where choices come from, and how the number is allocated.
- Importing a spreadsheet — this screen accepts one, and it runs through the same rules as typing.