HRWize updates currency conversion rates on a daily basis from a live feed.
Within HRWize, it is possible for each company to upload their own exchange rates into the system. These exchange rates will then be taken into account anywhere the system converts information such as salaries and expenses claims into different currencies, and override HRWize's own conversion values.
Entering customized currency conversion rates
You will need to use the bulk upload feature in order to upload these rates, you will need to go to:
Administration > Company > Bulk upload
Select 'Exchange rates' under the "Non core data" heading.
You will need to download the CSV model and complete this in order to add your own exchange rates. On the template, you must specify the start and end date for the time period that this rate applies.
The table below will explain each of the options in the template. This information is also contained within the Bulk Upload Guide.
| Field |
Description |
Validation |
Case Sensitive |
Mandatory |
| Date 1 |
The start date for this currency conversion |
Must be entered as dd/mm/yyyy |
Yes |
Mandatory |
| Date 2 |
The end date for this currency conversion |
Must be entered as dd/mm/yyyy |
Yes |
Mandatory |
| Currency |
The currency which this rate relates to |
See the list of valid currencies contained within the Bulk Upload Guide. | Yes |
Mandatory |
| Rate |
The exchange rate for this currency in relation to your default currency |
Must contain a numerical value up to 2 decimal places |
Yes |
Mandatory |
Once you have completed the template, you will need to upload this to the same page where the CSV file was downloaded from once uploaded, your customized exchange rates will be utilized in place of the system default options.
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