Currency rates 20151/17/2024 ![]() Rounding Mode: Select whether to round half up or down when converting currency amounts.Typically, inverse rates are used for currency conversions. With an non-inverse rate, the foreign currency amount is divided by the rate to calculate the home currency amount. The foreign currency amount is multiplied by the inverse rate to calculate the home currency amount. Use inverse rate: Select yes to use the inverse rates when converting currency amounts.Click and select the day of month to get the monthly exchange rate.Day of the Month: Select to use the monthly exchange rate.Specify the exchange rate date offset. For example, if you set the offset to 2, the exchange rate from 2 days prior will be used when converting currencies. Sometimes, exchange rates from your vendor are not available on the same day due to processing delay. Provider Exchange Rate Date Offset: If you select Use a custom exchange rate provider in the Exchange Rate Provider field and if you select Daily exchange rate, you can specify a date offset.Daily: Select to use the daily exchange rate.To enable the Use a custom exchange provider option, submit a request at Zuora Global Support. Otherwise, you will receive an error when running a trial balance. Note that some transactions in a given accounting period might have transaction dates that are before that period. If you use a custom exchange rate provider, you must upload exchange rates for all transactions in an accounting period. See Mass Updater and import custom exchange rates for more information. You must upload custom exchange rates through the Mass Updater. Exchange Rate Provider: Select Oanda, the default exchange rate provider, or select Use a custom exchange provider if you want to import and use your own exchange rates.If you have enabled the Multi-Org feature to configure the root or child organization, then the Reporting Currency field will be disabled.Once you have set your reporting currency, you cannot change it. You must first select the home currency to select the reporting currency.If you upload custom exchange rates, you can configure the rate date using the Provider Exchange Rate Date Offset setting as described below in How to Enable Foreign Currency Conversion. To see how Zuora gets the Exchange Rate Date for each transaction type, refer to How Zuora Calculates the Values of Foreign Currency Conversion Fields. If no valid rate is available on the Exchange Rate Date that is later than or equal to your tenant's 'Today', the rate for that date is left unavailable. If the exchange rate is not available on and not available on, but 1.1 on and 1.2 on , the rate on is used. ![]() ![]() If the exchange rate is not available on, but 1.1 on and 1.2 on , the rate on is used.If the exchange rate is 1.3 on , the rate on is used.If Zuora does not successfully sync a rate from Oanda on a given date, the available rate on the most recent date is used.įor example, if the Exchange Rate Date is : If your time zone can catch the window when Oanda updates their rates, the offset will be 1 day otherwise, the offset will be 2 days. If you are using Oanda, Zuora uses the exchange rates 1 or 2 days before the Exchange Rate Date depending on your time zone. Each transaction in Zuora has an Exchange Rate Date.
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