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 Symbol Code field, enter a 3-letter code commonly used for the currency according to ISO 4217.

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

Also, specify the currency symbol in the Symbol field.

In the Decimal Places for Amounts field, you can specify the number of decimal places for 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.

Select the Dependent Currency Rate option if this currency depends on some other currency (already defined in the system) which you can specify in the Main Currency field; the percent of change you can enter in the Markup field. 

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

Available links

Also, the toolbar includes the following hyperlinks:

• Exchange Rates

Click the Exchange 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, refer to Settings: Money form. For details on setting up a new exchange rate, refer to Adding an Exchange Rate.

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. 

Note. It is recommended that you edit the default rate but do not change the start date for the rate-- it will be used in case a transaction has the date earlier than the date of the first actual exchange rate entered in the list.

To add a new exchange rate, click Create on the toolbar of the Currency Rates form. This opens the Exchange Rate (create) form.