What is an 'Exchange Rate'?
The price of a nation’s currency in
terms of another currency. An exchange rate thus has two components, the
domestic currency and a foreign currency, and can be quoted either directly or
indirectly. In a direct quotation, the price of a unit of foreign currency is
expressed in terms of the domestic currency. In an indirect quotation, the
price of a unit of domestic currency is expressed in terms of the foreign
currency. An exchange rate that does not have the domestic currency as one of
the two currency components is known as a cross currency, or cross rate.
Also known as a currency quotation, the foreign
exchange rate or forex rate.
static void GetExcRate(Args _args) { container displayFields; Common orderTable; real ExcRate; SalesTable _ObjSalesTable; select * from _ObjSalesTable where _ObjSalesTable.SalesId == "SalesOrderId"; orderTable = _ObjSalesTable; displayFields = SalesTotals::displayFieldsServer(orderTable, 0, _ObjSalesTable.CurrencyCode); ExcRate = conpeek(displayFields, TradeTotals::posExchRate()); info(strFmt("%1",ExcRate/100)); }
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