Help Home/Getting Started with Oracle Sourcing
When you create a new negotiation, the negotiation currency defaults to the ledger currency defined for your operating unit. However, you can accept responses in currencies other than the negotiation currency. Whenever you view the responses you have received, the system will automatically convert the responses to the negotiation currency.
Though suppliers in a multi-currency negotiation can submit responses in several currencies, they are allowed to respond in only one currency per response.
To define your currency list and currency exchange rates:
On the Create Header page, click Manage Response Currencies.
On the Header: Manage Response Currencies page, select the exchange rate type. The system may contain several different exchange rate types. Select the appropriate type for your negotiation. You can use predefined exchange rates (Corporate Exchange Rate) or specify your own exchange rates (User Specified Rate).
To use predefined exchange rates:
Enter the date for which you wish to use this set of exchange rates.
Select the response currency you will accept.
To define your own exchange rates
Select the User Specified Rate type. The page redisplays.
Select the response currency. The system's response currency codes are available from the drop down menu. The description field explains the code.
Define the exchange rate by entering the number of response currency units that equal one unit of the negotiation currency. For example, if the negotiation currency is United States dollars (USD) and the response currency you're defining is Swedish Kroner (SEK) the exchange rate might be .09 meaning .09 kroner to one dollar.
Specify the price precision for the currency. If the precision for the response currency is greater than the precision for the negotiation currency, the system will round when converting responses into the negotiation currency.
Select the checkbox to display the exchange rates if you want to allow respondents to see your response currency exchange rates.
If you are finished defining alternate currencies, click Apply. Otherwise click Add Another Row and continue defining currencies and exchange rates.
When you have finished defining currency information, continue creating your negotiation.