To select an exchange rate type for a Business Group:When you create a Business Group for BIS, HRMS Reporting or Payroll Processes the exchange rate type is predefined as Corporate. This is effective from the effective date of the Business Group.
However, you can set a different currency type for each Business Group. For example, you can select:
A spot rate for Payroll processes to reflect daily exchange rates.
A corporate rate for HR reporting to represent an end-of-month value.
You can define a different exchange rate type in the Table Values window.
To select an exchange rate type for a Business Group:Query the EXCHANGE_RATE_TYPES table.
In the Exact field, select BIS, HRMS, or PAY from the list of values.
Enter the new value for the exchange rate type. The value will usually be Corporate (the default) or Spot, but you may also need to select other predefined GL Exchange Rate Types.
Change the Effective Date for this rate type, or accept the default.
For details of available rate types, see Defining Conversion Rate Types.