Enter the following currency conversion attributes to convert billing transactions for the project to the project functional currency, the project currency, and the funding currency:
Currency: The default value for your project functional currency assigned to the operating unit in the currency implementation options.
Rate Date Type: The type of date that is used to determine the rate date. You can select PA/Invoice Date or Fixed Date
PA/Invoice Date:
During revenue generation, the PA date is used as the exchange rate date. The PA date is derived from the Accrue Through Date parameter specified when the Generate Draft Revenue process is submitted. The PA date is the next open future period after the Accrue Through Date.
During invoice generation, the invoice date is used as the exchange rate date.
For funding conversions, the Funding Allocation Date is used as the exchange rate date.
Fixed Date: Select a Rate Date to determine an exchange rate when converting revenue and invoice amounts from billing transaction currency to project functional currency, project currency, and funding currency.
Rate Type: Select the GL Rate Type to determine the rate. The system-defined rate types, such as Corporate, User, or Spot, are defined in Oracle General Ledger.
Rate Date: Select the date to use when Rate Date Type is Fixed Date.
Rate: Select the rate to use when Rate Type is User.
For more information, see: Determining Currency Conversion Attributes for Entered Transactions.