SMART FX Rates

SMART FX Rates automates the import of currency exchange rates into Microsoft Dynamics 365 Business Central. It gets the rates from the European Central Bank and the National Bank of Ukraine through their open APIs, recalculates them into the local currency and writes them to the standard currency exchange rates, on demand or on a schedule, so that currency data stays consistent and up to date without manual entry.

At a glance

• Publisher: SMART business
• AppSource listing: SMART FX Rates
• Deployment: Business Central online, Business Central on-premises
• Interface languages: English
• Licensing: Licensing Policy

Capabilities

• Exchange rates come from the European Central Bank and the National Bank of Ukraine through their open APIs. Each currency takes its rates from the source selected on its card, and several sources are imported in a set order.
• The rates for a period go into the standard currency exchange rates of Business Central; new rates are added, and rates already entered for the same date are updated.
• The import runs on demand or automatically on a schedule, for example every day.
• Rates that a bank publishes against its own base currency, such as the euro at the European Central Bank, are recalculated into the company's local currency through cross rates; a source without a rate for the local currency is skipped with a message.
• The imported rates follow the company's conventions, with default exchange rate amounts per source and the choice of which side of the rate is fixed (the currency, the relational currency or both).
• Other sources of exchange rates, for example OANDA, XE or Finworlds, can be added by an extension, because the list of services is extensible and every source implements a public interface.

Get started

1. Setup — set up the exchange rate services and select the exchange rate source on the currency cards.
2. Requesting Import Exchange Rates FX report — import the rates for a period, or schedule the import in the job queue.