The Exchange Rate tool lets you update exchange rates for the currencies that you commonly use. An exchange rate is the value of a foreign nation's currency in terms of the home nation's currency. In TeamConnect, it is the value of the foreign currency based on the selected default currency.

Once you open the Exchange Rate tool, use one of the following options to update exchange rates:

•Upload a CSV or Excel file—Create a data file that contains the exchange rates that you want to change, and then upload the file to TeamConnect.

•Enter exchange rates manually—Type the modified rates on the Exchange Rates page.

Note: Typically, currency codes are set up in advance and you cannot delete or change them. You cannot use this tool to add new currency codes. See your system administrator if you want to add or delete currency codes.

Creating/Uploading Exchange Rate Data Files

Before you can upload exchange rates into TeamConnect, you must first create the file that contains the data that you want to upload. You can upload an Excel spreadsheet or a CSV (.csv) file.

Uploading Exchange Rate Data Files

Once you create the data file, you can upload it to TeamConnect.

Updating Exchange Rates Manually

You can manually update exchange rates on the Exchange Rate page.