ICM > Functional administration > Managing Currencies
Managing Currencies
 
Currency Use Principle
Central currency
Local currency
Defining Central Currency
Defining Local Currency
Modifying User Local Currency
Managing Exchange Rates
Entering an exchange rate
Viewing an exchange rate
Currencies are used in the framework of tests for completion of expense sheets.
Currency Use Principle
 
Two currency types should be distinguished:
• central currency
• local currency
Central currency
Central currency is the currency adopted as reference currency.
Local currency
A local currency is defined for each user. By default it is the same as central currency.