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Question

update Currency rate every month

  • May 9, 2023 9:37 AM UTC
  • 4 replies
  • 698 views

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Hi all,

 

Is there a way to update Currency rate every month in IFS cloud?

 

 

4 replies

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  • Superhero (Employee)
  • May 11, 2023 8:14 AM UTC

Hi,

I could see some other posts in IFS Community replying to this.

Please check:

Regards,

Pilar


Manulak
Hero (Customer)
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  • Hero (Customer)
  • May 11, 2023 8:43 AM UTC

Synchronizing currency exchange rates can be done by a simple configuration-layer development.

The standard in EU region is to use the web endpoint of the Europa Central Bank.

https://www.ecb.europa.eu/stats/eurofxref/eurofxref-daily.xml

Using the regular IFS integration broker (IFS Connect), receive the currency exchange rates XML and then convert it to a CSV. Using the BizAPI IfsFinancialsInboundMessages:ReceiveCurrencyRate read the generated source file into IFS.


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  • Superhero (Employee)
  • May 12, 2023 7:12 AM UTC

Other option:
With a small page configuration, it’s been created a workflow that connects to an external WebService to fetch the current currency Exchange Rates and automatically updates IFS Cloud with those details. It saves IFS Cloud users from having to manually key in this information.

Check this video that show this in action and you'll also find the bpmn file there:

https://play.goconsensus.com/1d7a4385

Regards,

Pilar


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  • Author
  • Sidekick (Customer)
  • May 14, 2023 9:17 AM UTC

Thank you very much  Pilar Franco, Manulak .