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Exchange Rates

The Exchange Rates widget shows the conversions applied when a costing spans purchase, base, and display currencies so landed costs stay consistent. Rates may come from global maintenance or integrations and can sometimes be edited on the record when your permissions allow. Open the card under the right-hand panel to review USD and AUD factors that feed other financial fields. These are the currency conversion rates applied across the cost sheet when suppliers quote or costs are recorded in foreign currencies. Verifying them before sign-off avoids silent margin drift between buy, base, and sell views.

Costing Exchange Rates

Accessing Exchange Rates

  1. Navigate to a Costing record.
  2. In the right-hand panel, locate the Exchange Rates card under the Members section.
  3. Click Exchange Rates to expand the view and see the applicable currency conversions.

These indicate the conversion rates from the base currency into USD and AUD, which may affect how prices and margins are displayed in other fields.

How Exchange Rates Are Used

Use Case Description
Display costs in buyer currency Convert costing amounts to the buyer's local currency for accurate viewing and comparison.
Compare sell prices across countries Evaluate pricing consistency and margins when selling in different regional markets.
Convert supplier pricing Translate supplier pricing into the reporting currency for consolidated financial reporting.
Important Notes When Using Exchange Rates

Permissions: Exchange rate visibility and editing capabilities depend on your user role and permissions. Only users with the appropriate access can edit rates per costing.

Verification: Always verify exchange rates before approving costings for international use. Incorrect rates can lead to inaccurate cost calculations and reporting.

Refresh Frequency: Exchange rates are commonly refreshed weekly or monthly depending on your system configuration. Check with your administrator for the update schedule.

Best Practices

Verify Before Approval: Always verify exchange rates before approving costings for international use.

Review Local vs Base Currency: Exchange rate visibility helps buyers and planners review local vs base currency performance.

Understand Refresh Schedule: Familiarise yourself with how often rates are updated in your system to ensure you are working with current data.