How to Manage Daily rates for Currencies in Oracle Fusion

How to Manage Daily rates for Currencies in Oracle Fusion

 

We need to maintain daily rates in oracle application to do foreign currency transactions in the application. Without daily rates we cannot do any foreign currency transaction. System fetch the daily rates to convert the foreign currency in to ledger currency to do the accounting of the transaction. In oracle Fusion , I will show you how we can manage Daily rates for Currencies in Oracle Fusion.

 

Manage Daily rates for Currencies in Oracle Fusion

 

Step1:- Manage Currency Rates.

 Navigator -> General accounting -> Period close -> Multicurrency -> Manage Currency Rates

 

 

 

 

 

Step2:- Daily Rates

Click on Daily Rates tab      

 

  Step3:- In the Search region, enter the From and Two currencies                 

Enter Date Ranges 

 Rate Type = Corporate 

(B) Search

 

In the Search Results region, click on any row. 

Notice you can delete one row or update the currency rate. However, you cannot create new ones.

 

Create Daily Rates

For creating Daily rates in Oracle Fusion , you have to use Daily rates creation spreadsheet. You can upload new daily rates through ADFDI in Oracle Fusion .

 

Click on Create in Spreadsheet Button  in the task pane.