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If you are adding a currency manually, enter the required data.
The Currency (create) form. The Main Parameters tab
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Also, specify the currency symbol in the Symbol field.
In the Decimal Places for Amounts field, you can specify the number of decimal places of the currency; all the amounts will be calculated with this number of decimal places.
Use the Decimal Places for Prices field to specify the number of decimal places that your organization will use when setting up prices in this currency.
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 periodinterval.
Click the Save button to save the new currency or Save and close to save the currency and close the form.
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Above the toolbar, you can view the following hyperlinks:
- Exchange Currency Rates
Click the Exchange 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 Exchange 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.
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To add a new exchange rate, click Create on the toolbar of the Currency Rates form. This opens the Exchange Rate Currency Rate (create) form. For details on setting up a new exchange rate, refer to Adding an Exchange Rate.
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