SYCC - XXXX

Alternate Currency Rates
When entering Purchase Requisitions for countries where the currency rate is different than the base rate, adjustments need to be made to the figure prior to checking the budget. Creating a common code for each currency type that will be used makes these adjustments. Once defined, the currency code is entered on the Purchase Request form. This allows the values entered to be adjusted for budget purposes when a one-to-one relationship does not exist between the currencies. The following describes how to enter Currency Codes.
Code Category: SYCC
Code Value: XXXX Enter up to four characters to be used as the Currency code.
Short Description: Not required.
Medium Description: Used to describe the common code.
Long Description: Used to describe the common code.
Associated Numeric Values
1: Enter the conversion rate. For a conversion rate of 112.5 percent, enter 1.125. For a conversion rate of 80 percent, enter 0.80.
2-5: Reserved for future use.
Associated Codes, Associated Descriptions
1-5: Reserved for future use.