Use the Main Parameters tab to specify the parameters of a new currency.

If you are adding a new currency from the list of predefined currencies, the currency already has a description, currency code, and symbol. You only need to specify the number of decimal places for prices.

If you are adding a currency manually, enter the required data.

The Currency (create) form. The Main Parameters tab

In the Currency Name field, enter a full name of the currency.

In the Сurrency Code field, enter a 3-letter code of the currency according to ISO 4217.

In the Numeric Code field, enter a 3-digit code of the currency according to ISO 4217.

Also, specify the currency symbol in the Symbol field.

Select the Automatically Import Exchange Rates from UAE CB option if you want to import the exchange rates for this currency from the Central Bank.

In the Start Date field, specify the date when the automatic import should start. If no date is specified, all the exchange rates for this currency that were published by Central Bank will be imported.

Note. By default, the frequency of import is daily, once an hour. If need to set up other frequency, or define a custom schedule for such import, refer to Setting up a schedule for exchange rate import.

If you need to load for the currency the exchange rates from Central Bank for specific period only, refer to Loading the currency's exchange rates for specific interval.

Click the Save button to save the new currency or Save and close to save the currency and close the form.

Available links

Above the toolbar, you can view the following hyperlinks:

• Currency Rates

Click the Currency Rates link to view the historic and current exchange rates for the currency. Exchange rates are specified with respect to the currency selected as the national currency in your system. For details on the role of the national currency in this software, refer to Settings: Money form.

The Currency Rates list

For a newly added currency, the list of exchange rates contains a single line with the default rate that is equal to 1.0 and is in effect from 1/1/1980.

Note. It is recommended that you edit the default rate but do not change the start date for the rate –  it should be rather "old" date to provide the default exchange rate for any actual or "history" transaction entered into the system.

To add a new exchange rate, click Create on the toolbar of the Currency Rates form. This opens the Currency Rate (create) form. For details on setting up a new exchange rate, refer to Adding an Exchange Rate.