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Configuring Exchange Rates

The Manage Exchange Rates console contains the list of Exchange Rates configured in the Portfolio Management app and provides functionality to add, remove or modify the Exchange Rates. This console is accessible by the user with the Financial Master role. 

Exchange Rates define the conversion value between different currencies and the System Currency in the app. They ensure that financial transactions recorded in various currencies can be consistently translated into the system currency for accurate reporting.

Whenever a new currency is created, a corresponding exchange rate is automatically added under the Manage Exchange Rate console.

Users can add new exchange rates with a Valid From date to reflect market fluctuations. When a new exchange rate is added, it overrides any automatically or manually created exchange rates with an older Valid From date, ensuring that the most recent rate is applied.

To access the Manage Exchange Rates console

  1. Log in to BMC Helix Portfolio Management and click Settings 1751357827235-491.png.
  2. Select Financial Management.
  3. Go to Exchange Rates. The console will have the list of Exchange Rates, if created already. 
Information

Note – The console includes tabs labelled All, Default, and Scope Specific, allowing users to view exchange rates across all scopes, only the default rates, or those tied to a specific transaction scope.

To create an Exchange Rate

  1. Log in to BMC Helix Portfolio Management and click Settings 1751357827235-491.png.
  2. Select Financial Management > Exchange Rates.
  3. Click +New to add a new Exchange Rate and fill in the following details:
FieldDescription
From  The currency that needs to be converted.
ToThe target currency into which the conversion will take place (typically the System Currency).
Exchange RateThe conversion value that determines how much of the From currency equals one unit of the To currency.
Valid fromThe date from which the exchange rate becomes effective. If a new rate is added with a later date, it overrides older rates.
ScopeDefines the applicability of the exchange rate, such as whether it applies globally or to specific Transaction Scopes defined in the app.

4. Click Save.

To Modify/Edit an Exchange Rate

  1. Log in to BMC Helix Portfolio Management and click Settings 1751357827235-491.png.
  2. Select Financial Management > Exchange Rates.
  3. Click on the name of the Exchange Rate or select the row and click on the Edit (Image) button. This will show you the details that you provided while creating the Exchange Rates.
  4. Modify the details and click Save. 
Information

Note – There is no option to delete an Exchange Rate once created. However, the user can edit or add a new exchange rate with a later date to override the older rates. 

 

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BMC Helix Portfolio Management 26.1.01