Setting the Currency Exchange Rate Type
You can use different exchange rates for different dates and currency exchange rate types. Before using this feature, ensure that both the Multi-Currency and Currency Exchange Rate Type features are enabled.
Only users with the Administrator role can set the currency exchange rate type.
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Override Effective Date – This date determines which currency exchange rate is applied. By default, the SuiteApp uses the current date. However, you can select any date to fit your requirements. If you leave the date field blank during setup, your preferences are saved without a date. The SuiteApp will automatically use the latest exchange rate effective as of the current date.
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Exchange Rate Type – By default, the SuiteApp uses the standard currency exchange rate type. To use another type of exchange rate, create a new one at Lists > Accounting > Currency Exchange Rate Types > New and select it during setup.
To set the currency exchange rate type:
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Log in to NetSuite.
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On the SaaS 360 Dashboard tab, go to Setup, click View.
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Click the Currency Constant Exchange Rate Type subtab.
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In the Exchange Rate Type field, select an exchange rate type.
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In the Override Effective Date field, select a date.
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Click Save.