FX Rate Coefficient

FX Rate Coefficient option defines the coefficient that is used for multiplying the exchange rate if you are operating with foreign currencies. If you multiply the rate by this coefficient you are creating a reserve for the case of unpredictable rate changes. This function could be also understand as a percentage that the company subtracts from foreign payments.

Double-clicking the FX Rate Coefficient option in the list will bring up the items Global Setting card.

Field on the Global Setting Detail

The value field is intended for entering the adjustment value. You insert a number that represents the coefficient. For example, if you fill in 1.05, the exchange rate is increased by 5 %; if you fill in 0.95, the exchange rate is decreased by 5 %. You have to use decimal point in all language version.

Clicking OK in the lower part of the Global Setting card saves changes and closes the card. If you wish to close the Global Setting card without saving any changes, click Cancel.