The "Exchange Rate Capture" Preference

Since exchange rates fluctuate, the Exchange Rate Capture purchasing preference was designed to allow your corporate headquarters to indicate the step in the purchasing process at which the foreign currency exchange rate is locked in. This refers to the conversion from the vendor’s base currency to the location’s base currency. The choices are 'Create Order, 'Submit', 'Confirm Terms' , and 'Reconcile'.

 

 

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