# IM-C Enter Currency Exchange Rates

**URL:** <https://forum.evoerp.com/t/im-c-enter-currency-exchange-rates/889>\
**Category:** System Manager\
**Tags:** system-manager, international-module\
**Created:** [August 30, 2025, 1:43am UTC](https://forum.evoerp.com/t/im-c-enter-currency-exchange-rates/889 "2025-08-30T01:43:57Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![evoerp](https://forum.evoerp.com/user_avatar/forum.evoerp.com/evoerp/32/13_2.png) [@evoerp](https://forum.evoerp.com/u/evoerp)\
**Post date:** [August 30, 2025, 1:43am UTC](https://forum.evoerp.com/t/im-c-enter-currency-exchange-rates/889/1 "2025-08-30T01:43:57Z")

</div>

# IM-C Enter Currency Exchange Rates

## Purpose of Program

Use this program to enter the current rates for up to 10 different source currencies. These rates are used throughout the system to convert source currencies into base currency and to calculate foreign exchange gains or losses. A lookup is provided on the **Date** field that lets you view rates entered on previous dates.

Each time you update exchange rates, a record is saved of the previous exchange rates so that transactions, no matter how far backdated they are entered, can be matched to the closest historical exchange rate.

## Field Explanations

#### Date

The date the rates that are displayed were entered. You can perform a lookup on this field to see rates entered on previous dates.

#### Base

This field displays your base currency code for reference purposes only.

#### Source

Enter the source currency code set up in [IM-B](https://forum.evoerp.com/t/im-b-enter-multiple-currencies/888/1).

#### Rate

This is the daily rate or average daily rate that will be used to calculate all foreign currency transactions and conversions. The **source currency** is multiplied by this rate in order to convert it to its value in your **base currency**.