Sterling Selling and
Fulfillment Foundation contains
the following currency conversion features:
- Currency
conversion rates are defined between two
currencies and are bound by effective dates as shown in the example
provided in the following table:
Table 1. Currency conversion ratesFrom |
To |
From |
To |
Rate |
British Pound |
US Dollar |
1/1/2004 |
1/31/2004 |
1.51 |
British Pound |
US Dollar |
2/1/2004 |
2/28/2004 |
1.56 |
British Pound |
US Dollar |
3/1/2004 |
3/31/2004 |
1.62 |
A conversion rate definition is understood
to imply a 1:x relationship. Thus, if one British pound is equal to
1.51 US dollars during January 2004, two British pounds are equal
to 3.02 US dollars during January 2004.
- Rate
definitions are not reciprocal. A conversion from US dollars to British
pounds cannot use the inverse of the British pound to US dollar exchange
rate. A rate for converting US dollars to British pounds must be available.
Otherwise, Sterling Selling and
Fulfillment Foundation reports
an error. The only exception to this restriction is that a reciprocal
relation does exist between the euro and its member currencies.
- Sterling Selling and
Fulfillment Foundation provides
the updateConversionRates API that allows users to import exchange
rates and maintain the exchange rates in their database. Using this
API, new exchange rates can be loaded every few hours if desired.
You can also set up conversions using the Applications
Manager.
- Sterling Selling and
Fulfillment Foundation provides
a user exit at the point of performing a currency conversion. This
user exit allows users to perform currency conversions outside of Sterling Selling and
Fulfillment Foundation.
This allows real-time application of the current exchange rate instead
of using the last updated exchange rate.