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Documentation > MAC-PAC Reference Library > Financials > Accounts Receivable > Key Concepts and Procedures > Foreign Currency Processing > Currency Conversion

Currency Conversion

 

A table of currency codes and exchange rates controls the conversion of transactions made in foreign currency to the base currency of the entity in which the transactions occurred.

The table of exchange rates is used to convert accounts receivable transactions into base currency amounts.  The exchange rate may be overridden for any transaction