CONFIGURE AUTOMATIC EXCHANGE RATES IN AX 2012

With the help of the simple setup we can automatically update the currency exchange rates through importing the Web service provided in AX 2012 and also can define a batch process periodically.

Follow the below steps to configure automatic exchange rates:

Step 1: Select the Exchange Rate Provide

Navigation: General Ledger > Setup > Currencies > Configure Exchange Rate Providers

• Click on Add
• Select the Exchange Rate Provider
• Click on OK button

Once you click on OK, it will show the Service URL

Step 2: Verify the Exchange Rate type

Navigation: General Ledger > Setup > Ledger

• Default exchange rate type is set to “Default” which is used the by Legal Entity

Step 3: Import Currency Exchange Rates

Navigation: General Ledger > Periodic > Import Currency Exchange Rates

• Select the Exchange rate type “Default” (as per the setup done in Ledger form)
• Select the Exchange rate provider
• Define the Import as of: “Today’s date”. You can also define “Date range”
• Enable the check box for “Create necessary currency pairs” to define the necessary pairs
• Click on OK to
• To Setup a Batch job, click on Batch and provide the Recurrences for periodic activity.

An info log gets appeared showing the numbers of records imported

Step 4: View the Exchange Rates

Navigation: General Ledger > Setup > Currency Exchange Rates

• Select the Exchange Rate type as “Default” from the dropdown
• Now you can view the pairs created for all the currency codes which are provided by the “Central Bank of Europe”