Setting up defaults required for FX Currency use

Set up the defaults required for use of FX Currency fields in your instance.

Perform the following setup tasks to enable FX Currency processing:

• Add conversion rates using a custom rate table
  You can create a custom rate table to ensure repeatable and consistent calculations. In a custom rate table, you control the conversion rates and the frequency of rate conversions. If you don't define custom rate tables, FX Currency fields use the System Conversion Currency Rate [fx_system_rate] table, which updates rates daily from the ECB (European Central Bank) website.
• Configuring FX Currency global settings
  Before setting up and using FX Currency, review the related system properties to confirm or modify its default behavior.
• Add an FX Currency field to a table
  Before using and configuring an FX Currency field, you first add it an existing table, or to a new one, in System Definition > Tables.
• Configuring FX Currency field behavior
  After establishing global currency defaults, you can create custom FX Currency configurations for specific table fields. Identify the table fields that use FX Currency, and define how currency conversion calculations should be performed, displayed, filtered, and aggregated.
• Update a Currency Instance record
  Review and edit the details of a currency entry in an FX Currency field.

Related concepts

• Setting up defaults required for standard currency use