Currency

The Currencies page is designed to create and configure other currencies than the local currency. For more information about setting up currencies, see Set up Currencies.
The Currency card page has the following fields related to localization functionality:

Field	Description
Import Exchange Rates	This field sets whether the exchange rates for this currency will be updated when running the Import Exchange Rates batch job. For more information, see Exchange Rate Import.
SMA Currency Sale G/L Account	This field indicates the G/L account on which the income received from the sale of the currency will be accounted for.
COCS G/L Account	This field indicates the G/L account on which the expenses incurred from the sale of the currency will be accounted for.
Fix Exchange Rate Amount	This field configures how amounts are fixed and how the system processes exchange rates during the recalculation of currency transactions: Currency (the amount is fixed in the document currency), Relational Currency (the amount is fixed in the company's base currency), or Both (this option fixes the amount in both the primary and relational currency)
Search Method	Specifies the search method associated with the currency. The system provides two search methods for the exchange rate: To date (default) and As of Date. With To date option, currency transactions will be recalculated according to the currency rate on the date preceding the transaction date. The As of Date option determines the exchange rate for the posting date of the transaction.