Adjusting Currency Base Sets Exchange Rate to 1
Symptom:
When changing the currency base when entering an expense report, the exchange rate automatically defaults to 1.
Cause:
When calculating exchange rates, a
rate_triangulate field is used to convert two currencies through a third currency (the reference currency). This was most commonly used for European countries while they were adopting the Euro. This must be turned on in order for currencies to be converted properly.
Resolution:
Contact your
Shared Service Center to have the
Currency Quotation Method (Rate Quotation Basis) changed from
Direct to
Indirect.
Created by the PeopleSoft Knowledge Management Team.
Copyright © 2003
All rights reserved.
Created: dcb 08/01/2003
Reviewed: 08/04/2004