Microsoft Business Central

Exchange Rates in Microsoft Dynamics 365 Business Central

Introduction


The aim for this tool is to allow accountants and finance professionals to download the daily exchange rates from Currency Exchange Rates - International Money Transfer | Xe source directly into Microsoft Dynamics 365 Business Central. This may be done for each company within the instance, allowing the user to define the company parameters.


Why do we need it?


This app is not the natural choice when we have euro-group of companies or a euro company however this changes as soon as we are faced with a group of companies that have a number of companies operating with different base currencies.


By having one single source of information such as XE, we are ensuring that no fictitious differences on exchanges are created, which are usually created as a result of reworkings and rounding of numbers.


Key Parameters per company


  • Domain Address

  • API Key

  • Username

  • Base Currency


Key Advantages


  • One common source of currency exchange rates

  • Less exchange rate differences

  • Less reconciliation issues

  • Making use of an internationally-accepted data source


Pricing


€200 one-time installation or for existing On Point Customers - 2 hours from a package of hours

€25 monthly fee per instance