At which point is the IFS exchange rate attached to a customer order/invoice?
If an order is raised in Feb but invoice goes out in March I believe it’s the March ex rate that is used? but does the ex change rate ever get attached to the order, or does it only get added to the process when the invoice is raised?
Hi
As far as I understand, IFS does not attach an exchange rate when the Customer Order is created. The CO only holds the Invoice Currency and the Invoice Currency Rate Type, no exchange rate value is fetched at this point.
The actual invoice currency exchange rate is retrieved only when the Customer Invoice is created. The rate comes from Currency Rates, which are linked to a specific Currency Rate Type. A Currency Rate Type can be defined on the Customer (Invoice/General → Default Currency Rate Type) and also on the Company (Accounting Rules → Currency Rate Type Information → Default Sell Currency Rate Type). When IFS picks the rate, priority is always given to the Customer‑specific rate type. The exchange rate itself is determined using the base‑currency rate date defined in Company/Invoice/General (usually the Invoice Date or Delivery Date, depending on configuration).
So in practice, if an order is raised in February but the invoice is created in March, the system will use the March exchange rate, because that is when the rate is actually applied.
Regards,
Dulani.
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