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What to enter on "Default Exchange Rate" field when creating a new currency

edited Jul 6, 2023 1:22PM in Ask A Guru 6 comments

Hello team!

I would like to understand the purpose of the "Default Exchange rate (To Root subsidiary currency)" field under Currency record. This field is mandatory when creating a new currency, but seems hidden on existing currencies.

What's NetSuite use of this field ? And How does it interfere with exchange rates once they are updated Automatically with a FX provider ?

Automatic Update = T on the record.

Thanks!

Maria

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