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Adaptive Planning
Last Updated: 2023-06-23
Add Currencies

Add Currencies

Security:
Currencies
 permission.
You can create standard currencies, or custom currencies, which lets you define the currency however you like. Create currencies when your business uses more than 1 currency. Create custom currencies to:
  • Differentiate the same currencies in different versions. Example: You have several different contractually defined currency rates for Euros. You can create a custom currency for each.
  • Analyze best and worst case scenarios impacted by exchange rates. Example: Use a custom CAD that has a favorable rate as a best case scenario, and a custom CAD that has an unfavorable rate as a worst case scenario.
After you add currencies, you can:
  • Assign them to levels. The currencies display in the
    Currency
     drop-down menu in the
    Levels
     area of
    Modeling
    . Sheets always display the currency of the level. Data entered in sheets is always at the currency of the level.
  • Apply them to reports and dashboards to convert any data point to a specific currency.
  1. Select
    Modeling
     from the main menu.
  2. Click
    Currencies
    .
  3. From the
    Currencies
     section, select:
    • Add Standard Currency
       to select from a list of standard currencies provided by Adaptive Planning.
    • Add Custom Currency
       to define your own currency code.
  4. As you complete the task consider
    Option Description
    Currency Name
    For standard currencies, select from a list of available currencies, which automatically includes the code. You can search by code or country.
    For custom currencies, enter the name of the currency.
    Currency Code
    For standard currencies, you automatically add the code when you select the currency.
    For custom currencies, enter 4-8 characters. You can enter any unique combination of letters, numbers, and underscores.
    Decimal Places
    Select how many decimal places for values entered at levels with the currency. In account settings, you have the option to select
    Currency's Precision
     for the
    Decimal Places
     field.
    Create default reporting rates
    • Leave blank for most currencies. In reports and dashboards, we convert the level currency to the corporate currency. Then, we convert it to the reporting currency.
    • Select the check box to have Adaptive Planning make a direct conversion between the level currency and the reporting currency. With this option, you must ad the exchange rates between this currency and each additional currency.
You can also: