exchange rate services business central
How can I update exchange rates?
From the exchange rate or the currency list, you can enter the exchange rate services and update exchange rates. Business Central will communicate with the service you have configured.
What are exchange rates?
The exchange rates are the tool to calculate the local currency value (LCY) of each currency transaction. The Exchange Rates page includes the following fields: The date when the currency rate was effective. The currency code related to this exchange rate.
How do I set up exchange rates in Dynamics 365 Business Central?
Enter exchange rates for currencies manually. Set up an exchange rate service. Use exchange rate services and job queue entries to automatically update exchange rates. Set up currencies for customers, vendors, and bank accounts. Basic understanding of how to navigate the Dynamics 365 Business Central application and of the chart of accounts.
How do I connect to a currency exchange rate service?
On the Currency Exchange Rate Service page, fill in the fields as necessary. Hover over a field to read a short description. Turn on the Enabled toggle to enable the service. The following video shows how you can connect to a currency exchange rate service, using the European Central Bank as an example.
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