Currency Conversion

Hi Every body,

Any one help me bellow mentioned details how to do currency conversion.

1. Client is having enterprise level units and business unit levels. At business units levels the reports are seeing with local currencies like CAD, BZD, JMD,GBP etc.
2. At enterprise level the client want to see the reports in USD currencies.
3. As of now we have exchange rate types G, D, and 0012.
4. G= bank buying rate, D= bank selling rate, 0012= average monthly rate
5. Now for yearly average rate(YTD) the client want to introduce new exchange rate “0022” which will effect  on YTD Reports.
6. The rate type 0012, is an Average MTD Rate and is to be used for the translation of monthly revenue and expenses.  This rate is currently being used for both MTD and YTD and so client request is for it to be applied only for MTD revenue and expenses and its application discontinued with respect to YTD values
7. The new rate type 0022 will be used in the translation of only the following:
8. YTD revenue and Expenses
9. Quarterly revenue and Expenses
10. YOY revenue and Expenses.

8) For balance sheet items use rate type G and D

       a.     Rate D – bank selling rate and should be used to translate all liabilities except for YTD profit           and loss number capital.   For YTD profit and loss and capital client want to use the Average YTD rate 0022.

1. Rate G – bank’s buying rate and should be used to translate all assets.
2. In both cases, the application of rates D and G, only the rate on the last day of the month is to be applied.