Question

Currency Rates on Price Lists

  • 26 May 2023
  • 1 reply
  • 50 views

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Hello,

 

We would like to create a price list for a US customer (in USD)

 

We would like this price list to update automatically with the latest currency rate each month. Ideally this would be based on the GBP value at sales part level. Therefore, the sales order would pull through the latest price based on the GBP/USD rate for that month.

 

Does IFS have a functionality to help me with this? (Can the price list reflect a change in GBP/USD rate)

 

Thank you

Mike


1 reply

Userlevel 6
Badge +17

Hi @MikeH,

The currency rates are manage through currency rates screen in IFS where you need to update the currency rate with the valid from dates for the respective currencies. The latest rates for the currency will then be used in the customer orders. You don't need price list here as your prices are based on the sales part price which are defined in GBP. 

For example: Sales Part Price 200 GBP and the latest currency rate is 1.24 , then when you create a customer order for the US customer with the part the price will be calculated as 200*1.24 = 248USD

Is this what you are looking for?? Sorry if I my understanding is wrong.

Regards,

Mithun K V

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