Time for action - setting a currency rate
Here we go.
1. Click on Payment and then its sub-tab currencies. Quickly make sure the default currency is set correctly because all the rates we set will be used in the calculations against your default currency.
2. Click on Edit next to the currency you want to set the rate for. Note this is the same screen we saw when adding a currency. This time we will look at actually setting the currency exchange rate relative to your default currency. Here is an example. If your default currency is Dollars and you want to set the rate for Euros, go to www.google.com and type usd to euros in the search box. Google shows you an up-to-the-minute conversion rate.
3. Copy and paste the rate into the box labeled Conversion rate and click on Save.
What just happened?
Of course, the exchange rate is changing all the time. It is perfectly acceptable to set the rate a little higher and then just check it occasionally. We will look at auto-configuring the conversion rate...
