Currency conversion setup in oracle apps

Currency conversion setup in oracle apps

In this post , We will discuss about Currency conversion setup in oracle apps. Conversion Rate Types we do creates for Currencies exchange rates. We need to mentioned the Conversion rate type in the Exchange rate of the Currencies in the Oracle apps r12. Conversion rate type helps to distinguish the exchanges rates for the currencies for a specific periods. Here below I will share the Currency conversion setup in oracle apps.
 

Currency conversion setup in oracle apps

Step 1:- Define the Conversion rate type

Step2:- Define Currency for the for which you want to do the Currency conversion.

Step3:- Define Exchange Rate for the Currencies for the Conversion rate type.

Steps to Create the Conversion rate type in oracle apps

Go to the GL responsibility

Setup ==> Rates ==> Types

 

Define Conversion rate type in oracle apps

 

 

 

 

 

Conversion rate type table in oracle apps

GL_DAILY_CONVERSION_TYPES

 

Steps to Define the Currencies

Go to GL Responsibility

Setup ==> Currencies ==> Define

 

 

Define Currency here below