Currency Exchange Console Guide

This page provides a complete guide to the Currency Exchange section of the Namirasoft ERP Console. A currency exchange records the rate between two currencies on a given date, so amounts can be converted accurately in your reports. This guide explains each field on the form.

What Is a Currency Exchange?

A currency exchange is a rate that tells the system how much one currency is worth in another on a specific date, for example how many Euros equal one US Dollar today. Because rates change over time, each exchange is dated, and reports use the rate that applies to the period they cover.

 

Why Exchange Rates Matter

When you keep books in more than one currency, you need a reliable rate to bring everything back to a single currency for reporting. Recording rates yourself, with a date on each one, means conversions are always based on figures you control rather than an outside source you cannot audit.

 

How Namirasoft ERP Handles Exchange Rates

You record a rate from one currency to another as a simple ratio, and you add a new record whenever the rate changes. When a report converts amounts to a branch or company currency, it uses the exchange you entered for the relevant date.

 

Overview of Currency Exchange Fields and Options

The sections below explain each field on the Currency Exchange form.

• ID (String): This is the unique identifier automatically assigned to the exchange by Namirasoft ERP when it is created. You do not enter this value; it is used internally to reference the record.

• User ID (Namirasoft Account’s ID): This is the unique ID of the Namirasoft Account that created the exchange. It links the record to the user who owns it for access control and history.

• Date (DateTime): This is the date the rate applies to. Enter a new exchange whenever the rate changes, and reports will use the record that matches the period they cover.

• From Currency (String): This is the currency you are converting from, chosen from your currencies. It is the starting point of the rate.

• To Currency (String): This is the currency you are converting to. Together with the From Currency it sets the direction of the rate.

• Rate Numerator (Number): This is the top number of the rate ratio. The rate is stored as a numerator over a denominator so it stays exact. For example, to say ten US Dollars are worth nine Euros, the numerator is 9.

• Rate Denominator (Number): This is the bottom number of the rate ratio. In the example above, where ten US Dollars are worth nine Euros, the denominator is 10. Using a numerator and a denominator lets you record rates precisely, even when they do not divide evenly.

• Created At (DateTime): This shows the exact date and time the exchange was created. It is set automatically and does not change.

• Updated At (DateTime): This shows the last time the exchange was edited. It helps you track when the record was last maintained.