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Conversion Rates

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Conversion rate also called currency exchange rate is the rate at which one currency may be converted into another one.

Conversion rates created at system organization level (*) are available for all the organizations, otherwise specific conversion rates should be created for specific organizations.

Conversion Rate

Conversion rates window allow to create the rates to be used for multi currency transactions.

Openbravo requires to enter and maintain currency exchange rate both senses, that means to enter at the same time the two rates below:

For instance, USD exchange rate to EUR should have a Multiple rate by = 0.80 setting and a Divide rate by = 1.25 setting, as shown in the image below:

Conversion Rates.png

Full list of Conversion Rates window fields and their descriptions is available in the Conversion Rates Screen Reference.

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