What is the exchange rate of a vendor currency?

A currency exchange rate is the value of one currency when converted to another. In PLANERGY all currencies exchange rates are set against the base of the reporting currency for the system. The exchange rate for each additional currency will be used to calculate order values against the budgets that are set in the reporting currency.

For current exchange rates you can visit: https://www.xe.com/. All currencies exchange rates are set against this reporting currency base of 1.

For example if you are setting the exchange rate for Euro and your reporting currency is USD, set your exchange calculator, like the one found at https://www.xe.com/, with USD set to 1 (Figure 1).

Figure 1.

The calculated figure will give you exchange rate for Euro (Figure 2).

Figure 2.