46 Part 1: Overview and Configuration
Defining Currencies
You can specify the monetary unit or base currency used to store cost data for all projects in the database, as well as the monetary unit or view currency used to display cost data in windows and dialog boxes.
Only a user with Admin Superuser privileges can change the base currency and define additional view currency types.
The exchange rate for the base currency is always 1.0. If you select a different currency than the base currency to view cost data, the base currency value is multiplied times the current exchange rate for the view currency to calculate the values displayed in cost and price fields.
For example, if the base currency is U.S. Dollars, the view currency is Euros, and the exchange rate for Euros is .75, a value of $10 stored in the database is displayed as 7.5 Euros in cost and price fields in windows and dialog boxes. Similarly, if you enter 10 Euros in a cost or price field, it is stored in the database as $13.30.
When you enter values in cost and price fields, they are always displayed in the view currency.
Indicates the currency is the base used to store cost data
Use the Currencies dialog box to set up the base and view currencies.
Primavera - Project Management
Defining Administrative Preferences and Categories 47
If you are upgrading from a previous version of the Project Management module, you should set up the base currency in the new version before you start adding and changing projects.
Define a base currency The base currency, by default, is U.S. dollars. To define a different currency as the base, choose Admin, Currencies. Select the base currency, then, in the General tab, type the currency’s ID, name, and symbol. The exchange rate for the base currency is always one. Click the Appearance tab to further define how the currency is displayed.
Separates whole values from decimal values in the currency display, for example, 500.5 or 500,5
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Indicates how many |
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decimal places to |
Separates groups of digits in |
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display, for example, |
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the currency display, for |
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none (70), one (70.1), |
example, 300,000 or 300-000 |
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or two (70.14) |
If you want to view costs in the old base currency, you will need to add it to the list of available currencies.
Add a view currency Choose Admin, Currencies. Click Add. Specify the currency’s ID, name, symbol, and exchange rate, and indicate how the currency should be displayed.
Primavera - Project Management
48 Part 1: Overview and Configuration
Choose Edit, User Preferences, then click the Currency tab to select the currency used to view costs.
Type an ID that clearly defines the currency type.
Enter the universal symbol used to identify the currency.
Enter the current global exchange rate for the currency.
Primavera - Project Management