When performing "RMB: Execute Calculation" in Currency Revaluations Window, a Currency Rates error occurs.
Error message: currency rate for USD is missing or has invalid time interval in currency type 1
Solved
Currency Rate Error
Best answer by Shanuka Lashan
Hi Janith,
The purpose of doing a Currency revaluation for a company is to value their assets and liabilities to the latest currency Rate.
The rates of all major foreign currencies fluctuate frequently as a result of changing market conditions. So we have to define the latest currency rate each time you run the currency revaluation process. It is wrong and useless to run the currency revaluation process to an old rate.
So our IFS currency revaluation functionality is designed to cater this requirement.
I hope this will help.
Kind regards,
Shanuka.
+16Please check that you have a currency rate for USD with a valid from date as the period end of the period you’re running the currency revaluation for.
+13Hi Janith,
The purpose of doing a Currency revaluation for a company is to value their assets and liabilities to the latest currency Rate.
The rates of all major foreign currencies fluctuate frequently as a result of changing market conditions. So we have to define the latest currency rate each time you run the currency revaluation process. It is wrong and useless to run the currency revaluation process to an old rate.
So our IFS currency revaluation functionality is designed to cater this requirement.
I hope this will help.
Kind regards,
Shanuka.
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