---
title: "Translation with Historical Exchange Rates"
description: "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."
source_url: https://support.lucanet.cloud/en/documentation/consolidation-financial-planning/imports-journals/journale/translation-historical-exchange
language: en
last_updated: 2023-08-16
---
# Translation with Historical Exchange Rates

## Overview

For every reporting entity and consolidation area for which a currency translation is defined (see [Creating and Configuring Reporting Entities](https://support.lucanet.cloud/en/documentation/consolidation-financial-planning/platform-dimensions/reporting-entities/manage-reporting-entities.md) and [Creating and Configuring Consolidation Areas](https://support.lucanet.cloud/en/documentation/consolidation-financial-planning/consolidation/consolidation-1/create-and-configure-consolidation-areas.md)), 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**.

{% info-box %}
To define fixed historical exchange rates **individually at the posting value level**, see [Historical Exchange Rate Translation](https://support.lucanet.cloud/en/documentation/consolidation-financial-planning/imports-journals/journale/create-configure-posting-reporting-entity.md#historical-exchange-rate).
{% /info-box %}

## 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

General properties of a 'Translation with historical exchange rates' posting

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:

'Historical exchange rates' tab

### Overview

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 |

### Details

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:

#### 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.

{% info-box %}
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.
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