When a new project is created, the default value for the project currency code is copied from the functional currency defined in the Implementation Options for the project-owning operating unit. You can override the default currency code and enter default conversion attributes for the project in the Costing tab of the Currency window.
You can optionally define costing conversion attribute default values for the Project Functional Currency and Project Currency.
These attributes are default values, and entry is optional. The attributes you select are displayed as the defaults during expenditure entry, and are used as defaults for imported transactions.
Select a project currency. You can select any active currency defined in Oracle General Ledger.
During project and task setup, the values you enter are copied to all the underlying tasks in the project work breakdown structure.
The hierarchy Projects uses for the defaults is shown below:
Value entered for the task
Value entered for the project
Value entered in the currency implementation options. See: Currency Implementation Options, Oracle Projects Implementation Guide.