Setting Up the Euro Currency Code

To enter the currency code for the Euro currency on the Currency Codes and Currency Rates forms, follow these steps:

  1. On the Countries form, add a new country code for the European Economic and Monetary Union (or whatever you want to call the country code that will be associated with the Euro in your system).
  2. Access the Currency Codes form.
  3. Select New from the Actions menu.
  4. In the Currency field, enter the code to represent the Euro, such as ECU.
  5. In the Description field, enter descriptive text for the Euro currency code.
  6. In the Currency Symbol field, enter the characters to display with the currency. The default value is the same as the currency code (you can overwrite it).
  7. Save the record.
  8. Access the Currency Rates form.
  9. In the Buying and Selling Exchange Rate fields, enter the number of Euros equal to one unit of your domestic national currency.
  10. In the Effective Date field, enter the date on which you are adding the Euro as a valid currency code in your system.
  11. Save the record.
  12. On the Multi-Currency Parameters form, enter the Euro currency code in the Euro Currency field.

Specifying the Euro as Your Domestic Currency

When you create the database, you can specify the site (domestic) currency as the Euro. Otherwise, if you want to convert your domestic currency from another currency to the Euro, you must use the Domestic Euro Currency Conversion utility to change the domestic currency to the Euro and convert all related records.

Related Topics

Euro Currency Overview

Customer Euro Currency Conversion

Domestic Euro Currency Conversion

Euro Exchange Rate Revaluation

Vendor Euro Currency Conversion