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Planview Customer Success Center

Effective Dates for Currency Exchange Rates

Effective dates for currency exchange rates define the range of time during which an exchange rate is applied to a currency. Effective dating allows you to plan for and configure multiple exchange rates that are to be applied to a currency at pre-defined dates.

You configure currencies in "tables", which allow you to enter multiple rates with corresponding date ranges. For example, the rate table below would read as follows: The 1.25 exchange rate is in effect until 10/31/2018; the 1.3 rate is in effect from 11/1/2018 onward (no end date):

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You are not required to have multiple date ranges, but can simply have one exchange rate and one generic date range of Past - Future:

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Currency Tables

  • Each table must have an open-ended rate for the past and/or future time frame.

  • A rate table can have a single rate that is effective from "past" to "future".

  • A rate table with multiple rates could have one rate that applies to the past up to a certain date, another rate that applies from one date to another date, and a third rate that applies from one date to the future. All rates in a table must have a continuous timeline of effective dates. For example, if one rate ends on September 24, 2018, then the next rate must begin on September 25, 2018.

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You can have as many rates as are needed in a table.

  • Individual rates can be deleted, but each table must have at least one rate and any remaining rates must have continuous effective dates per the above requirements

  • Because monetary user-defined fields are not associated with a date, the effective currency exchange rate will be based on the project Start Date. If there is not Start Date for a project, then the project's Schedule From Date will be used.

After you create currency tables, you can assign a currency to an internal rate table or custom rate, which in turn is assigned to roles/resources, or assign a currency to a project.