- Base Currency is USD
- Foreign currency is EUR
- I want 1 EUR = 1.12 USD
- In exchange rate screen for EUR
- Exchange Rate Amount = 1
- Relational Exchange Rate Amount = 1.12
- Fix Exchange Rate Amount = Currency
Method 1
- My base currency in the G/L setup is GBP
- My foreign currency is USD
- Currency Factor is 1.7
- 1 GBP * 1.7 = 1.7 USD
- Exchange Rate is 0.55
- 1 USD * 0.55 = 0.55 GBP
- Currency Factor = 1/Exchange Rate
Method 2
- USD Exchange Rate Amount = 1
- USD Relational Exchange Rate Amount = 7
- Fix Exchange Rate Amount = Currency
- Translates into 1 GBP = 7 USD
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