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====== 2.01.07 Exchange Rates ======

The document type "Exchange Rates" administers the currency exchange rate between two currencies. For this, a source currency and a target currency factor will be defined with the corresponding rate. The conversion ratio is necessary for the conversion of the currency fields.  


**Tip:** Further information on this topic can be found in chapter [[en:handbuch:kapitel_3:3.11.02  Verwaltung von Schlüsseldaten |3.11.02 Administration of Key Data]].

Note I: Rates can be "frozen" for
[[en:handbuch:kapitel_2:2.02.02_projekt|projects]],
[[en:handbuch:kapitel_2:2.3.06_beleg|receipts]] and
[[en:handbuch:kapitel_2:2.4.11_rechnung|invoices]] 
until cutoff date.

Note II: In case a second currency is to be used, then the quotation between the local currency and the second currency are to be defined (see also document type [[en:handbuch:kapitel_2:2.01.01_system_-_konfiguration|configuration]] and further comments can be made in the Administration Guide.

{{:en:handbuch:kapitel_2:exchange_rate.png|}}

The form contains the following elements:
    * **Source Currency:** In this field the source currency can be chosen for the conversion. The displayed entries of this list can be defined in [[en:handbuch:kapitel_2:2.01.06_key_-_waehrung|currency]].  
    * **Target Currency:** In this field the target currency can be chosen for the conversion. The displayed entries of this list can be defined into currencies.
    * **Date:** This field specifies the date, as soon as the specified quote is pulled up system-wide into the conversion and overwrites as of this date older specifications.
    * **Factor:** This field is used for the entry of the factor of the source currency for the conversion of the currencies. This field has Factor 1 as the default.  
    * **Rate:** This field is used for the entry of the exchange rate between the currencies. In the example above a conversion ratio from EURO to US Dollars valid as of 03.03.2004 is defined. Here it is noted that 1 EURO is exactly 1,2105 USD.