Translation with Historical Exchange Rates
Last updated on 2025-07-08
Overview
For every reporting entity and consolidation area for which a currency translation is defined (see Creating and Configuring Reporting Entities and Creating and Configuring Consolidation Areas), a posting of type Translation with historical exchange rates is automatically created in the Journals workspace.
In the Translation with historical exchange rates posting, the translation with historical exchange rates is defined for accounts. If translation with historical exchange rates is defined for an account then the value which has been calculated originally using the current exchange rate is cleared and the value which has been calculated using the historical exchange rate is posted.
The configuration of the automatically created Translation with historical exchange rates postings can be edited in the CFO Solution Platform.
To define fixed historical exchange rates individually at the posting value level, see Historical Exchange Rate Translation.
This article contains the following sections:
Configuring the Translation with Historical Exchange Rates
To edit the configuration of a Translation with historical exchange rates posting, click on the posting, and then click Edit in the top right.
General Properties
In the header, you can change the name of the posting.
'Historical Exchange Rates' Tab
The following options are available on the Historical exchange rates tab:
In the Overview area, you configure and define the view and when the historical exchange rate will apply.
Option
Description
Issue
Name of the conversion
Period
Period within which the conversion is to be used
Adjustment level
Adjustment level in which the historical exchange rate will apply
Transaction currency
Transaction currency in which the posting is to be made
In the Details area, you must specify the accounts to be translated with the historical exchange rate specified in the Overview area. The following options are available:
Option
Description
Account
Account or item for creating the posting
Cost center/ partner/ transaction type
Allows selection of a cost center/partner/transaction type from the respective drop-down lists
Transaction currency
Amount to be translated in the transaction currency
Select C for credit for equity and liability accounts, and D for debit for asset accounts.
When the amount to be translated is entered in the Transaction currency column, the system automatically calculates the value in the currency column using the historical exchange rate saved in the Overview area.