Configuring exchange rates
The Exchange Rates section allows you to manage exchange rates directly within the Pay Suite platform. These rates are linked to the currencies used throughout the platform and are also applied in compensation rounds.
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Exchange rates are available under Workbench> Data management > Exchange rates. Access to Workbench depends on your role within the platform. Users with Compensation Admin, Global Compensation Admin and Data Foudation Admin professional roles are able to configure this feature.
To upload your new exchange rate, proceed as follows:
Click Download template button located on the far right side of the interface. An excel sheet called "Exchange rate template.csv" will be downloaded to your device.
Open the template and fill the necessary fields:
SourceCurrencyCode: code of the currency from which the rate will be calculated.
TargetCurrencyCode: code of the target currency.
ExchangeRateTypeCode: add the exchange rate identifier.
Rate: the amount of the exchange rate.
Description: description of your exchange rate.
EffectiveDate: the date form which the exchange rate will be available.
Delete: decide if this rate can be deleted in the future (choose TRUE or FALSE).
Save your changes in the file and keep its original name.
Click Upload button located on the far right side of the interface. A File upload window will open automatically. Click Upload file and chose the template you previously filled out.
Your new exchange rate will be added to the list illustrated in the following picture:
Exchange rates interface