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Home Aconex Our Main Application Using Aconex Using Cost Cost Admin Calenders and Currencies Setting up your Organization's Currency Exchange Rates

Setting up your Organization's Currency Exchange Rates

Establishing currency exchange rates to track values across projects.

Create an organization currency

  1. Double-click Cost on the module menu.
  2. Click the dropdown menu at the top-left of the page and select Cost Administration.
  3. Under the Organization Data heading in the left-hand pane, click on Currency.
  4. Click the Add icon on the toolbar under the Currency heading.
  5. The Create Current Exchange Rate window displays. Select a currency from the Currency dropdown and define the exchange rates ( Budget, Actuals & Forecast).
  6. Click Create Currency Exchange Rate to save the new currency.

Exchange rates are entered in relation to the Organization Base Currency, which has a rate of 1.00.  For example, if the Organization Base Currency is US Dollar (exchange rates of 1.00) and you want to create a currency for Australian Dollar, the exchange rates for Australian Dollar would be entered as 1.00 US Dollar equals n Australian Dollars.

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