Foreign Currency / Exchange Rates

Foreign Currency is defined if employees are paid in different currencies.

• Code: Alphanumeric
• Description: Foreign currency name

Foreign exchange rate is defined according to foreign currencies.

• Currency: Foreign currency
• Description: Foreign currency name
• Exchange Rate Code: Alphanumeric code
  • ACTUALRATE: Monthly basic and Payment & Deductions are calculated at the same rate
  • MBSTAFFRATE: Monthly basic is calculated at a different rate
• Exchange Rate: Numeric

A currency must be set to default . See below.

General Parameters