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Overview

Business transactions expressed in foreign currencies are recognized in the books of accounts as of the day they are performed at the following exchange rates the average announced for a given currency by the National Bank of Poland on the day preceding that day.

FX Rates Update Manual Run

To run the exchange rates update manually:

1. Go to Setup > Customization > [STA] FX Rates Update Manual Run

2. The user will be redirected to the [STA] Update FX Rates SS Script Deployment record.

3. Edit the deployment record.

4. Go to the Parameters subtab.

   1. Define the Effective Date, This will determine the effective date of the published exchange rate when the FX rate script gets the exchange rates for the selected currency.

      • Input a value if you want to get the exchange rates for a specific effective date.

      • Keep the effective date field empty if you want to check for the most recent published FX rate.

   2. Check any of the currency checkboxes (NBP, MNB, ECB) if these sets of parameters only apply to specific currencies. Leaving all checkboxes unchecked will apply the parameters to all enabled currency exchange rate integrations in [STA] FX Rates Update Preferences.

   3. Select the Get Exchange Rate: You can choose between two options on which date the FX rate will be based.

      • Before Effective Date - exchange rates published a day before the effective date will be used. If the day before falls on a weekend, published rates from the previous Friday will be used.

      • On or Before Effective Date - exchange rates published on the day or a day before the effective date will be used. If the day before falls on a weekend, published rates from the previous Friday will be used.

5. Click Save and Execute.

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6. Refresh the Scheduled script status until you find that the execution has been completed.

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7. Review the updated currency exchange rates by going to Lists > Accounting > Currency Exchange Rates.

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