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Is it feasible to create new reporting currency for a existing primary ledger?

Summary:

Is it feasible to create new reporting currency for a existing primary ledger? If yes, any consideration or key points to be aware of?

Content (required):

I would like to know if it is feasible to define additional reporting currency for a existing primary ledger? The existing primary ledger already had some transaction posted since 3 years implemented. Any risk to implement the additional reporting currency?

Version (include the version you are using, if applicable):

Oracle Fusion GL Cloud Services 23A

Code Snippet (add any code snippets that support your topic, if applicable):

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