Amounts Conversion

This function enables you to view the details of the values' conversion performed when the currency of the main account is different from the transaction main or secondary currency.

The Conversion Rate for Settlement page appears when you click the Conversion button in the Settlement tab of a creation or modification page for Spot Exchange Transactions, Forward Exchange Transactions or Swap Transactions.

View Fields Description

Field	Description
Calculated Rate area
Spot	This option is enabled if the amount is converted on the basis of the spot exchange rate of the settlement day.
Forward	This option is enabled if the amount is converted on the basis of the forward exchange rate of the transaction (consisting of the spot exchange rate and the swap points).
Budget	This option is enabled if the amount is converted on the basis of the budget exchange rate of the transaction.
Conversion area
Amount	Amount credited or debited on the account, in the transaction currency
Countervalue	Amount credited or debited on the account, in the account currency
Rate	Value of the exchange rate (spot exchange rate, forward exchange rate or budget rate)

For more information on setting up budget exchange rates, refer to the Market Data module documentation.