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CURRENCIES: VARIANCES
- Go to CURRENCIES under the CONFIGURATIONS menu item
- Choose the desired currency
- Click on Variances
- Select the site where the variance is to be effective
- Click on Set variances
- Enter the minimum limit in the "min currency exchange rate" field (e.g. 1.00)
- Enter the maximum limit in the "max currency exchange rate" field (e.g. 2.00)
- Enter the maximum decrease limit in the "max currency exchange rate decrease" field (e.g. 0.50)
- Enter the maximum increase limit in the "max currency exchange rate increase" field (e.g. 0.50)
- The exchange rate of the superordinated site, if available, is automatically displayed in the "Reference value" field
- Click on Save
In CiRRUS, you can enter various exchange rate variances. These variances are required for reducing exchange rate error rates.
To set up a variance, open CURRENCIES under the CONFIGURATIONS menu item. You can see all previously saved currencies in the Currencies view.
Choose the desired currency and click on Variances. Select the sites where the variance is to be effective. Click on Set variances. Enter the minimum limit in the "min currency exchange rate" field (e.g. 1.00) and the maximum limit in the "max currency exchange rate" field (e.g. 2.00). Enter the maximum exchange rate decrease in the "max currency exchange rate decrease" field (e.g. 0.50) and the maximum exchange rate increase in the "max currency exchange rate increase" field (e.g. 0.50). The exchange rate of the superordinated site, if available, is automatically displayed in the "Reference value" field.
Click on save to save your settings.
You have now set up a variance. This variance is active straight away for the chosen currency. If you make a typing error during the next exchange rate change, the variance is going to intervene immediately and alert you to the fact that the exchange rate you have entered is either too low or too high.