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Third party products
Title:
INTL users.... a currency question
i had asked a similar question before but this time its more succinct :)
I would like to know from anyone who has used INTL how they address currency rate changes over time. Looking at the INTL website, it looks like you specify a base currency rate for the base language (1.00) and then you set other rates for other currencies (1.09 for Pounds). I am hoping to hear from INTL users w/ real world examples or input. How have you subclassed the INTL classes to address the issue? Is it an issue in your app?
If i add a record to a 'sales' table when the currency rate was 1.09 on January 10. Then in March the rate is 1.15, what happens when i edit/print the January 10 sales record after making the rate change? Does INTL use the current currency rate and multiply it against the price fields to show the amount in the foreign currency?
Do you need a currency setting for each currency for every day of the year?
Or perhaps saving the currency rates on each table that holds financial information when a record is added to the table?
TIA
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