Update Currency Exchange Rates in Dynamics 365 for Contoso Entertainment System USA (USMF)

See explanation below.

You need to import the latest currency exchange rates.You can also configure a schedule to automatically import the latest currency exchange rates.

1

Navigate to General Ledger > Currencies > Import currency exchange rates 2

Select the Default Exchange Rate Type.

3

Select Central Bank of Europe for the Exchange Rate Provider.

4

In the Import as of field, select Today's date.

5

Enable the Override existing exchange rates option.

6

To schedule automatic updates, expand the Run the background section.

7

Enable Batch Processing.

8

Click on the Recurrence link.

9

Configure a schedule for exchange rates import.

10.Click OK to save the changes.

As an AI language model, I do not have access to the Dynamics 365 portal or any specific client information. However, I can provide a general overview of the steps required to update currency exchange rates in Dynamics 365 Finance and Operations:

1. Access the Currency Exchange Rates form: In Dynamics 365, navigate to General Ledger > Currencies > Currency Exchange Rates to open the form.

2. Select the appropriate currency: If you need to update the exchange rate for a specific currency, find and select that currency in the list.

3. Retrieve the latest exchange rate: There are several ways to retrieve the latest exchange rate, but in this scenario, you need to use the Central Bank of Europe rates. To do this, you can set up an exchange rate provider in Dynamics 365, which will automatically pull the latest rates from the Central Bank of Europe or other providers. To set up an exchange rate provider, navigate to General Ledger > Currencies > Exchange Rate Providers.

4. Update the exchange rate: Once you have retrieved the latest exchange rate, enter it in the Currency Exchange Rates form for the appropriate currency and date. Make sure to save your changes.

5. Update exchange rates for other currencies: If you need to update exchange rates for other currencies, repeat steps 2-4.

6. Verify the updated exchange rates: After updating the exchange rates, you can verify that they have been updated correctly by running reports or reviewing transaction details that involve the affected currencies.

Note: It's important to ensure that the exchange rates are updated regularly to avoid any inaccuracies in financial reporting. This can be done manually or through automation using an exchange rate provider or other methods.