Introduction
It refers to the process of converting the value of one currency into the equivalent value in another currency. It is commonly done when dealing with international transactions, traveling to foreign countries, or when financial reporting and analysis involve multiple currencies. Currency conversion allows for accurate representation and comparison of monetary values across different currencies.
Stage Workflow
| Field name | Description |
| All | This shows all the records of the currency conversions |
| Active | Currency conversions is created and will be moved to Active stage for further process |
| Inactive | The rejected or lost conversions data will be reflected in the inactive stage. |
Portlets & Widgets
In the layout view, a Portlet accurately represents each functionality, and its corresponding data is precisely viewed as a Widget. The following section includes the default portlets and widgets of the Currency Conversion App.
Currency Conversion Details
This section contains details about the Currency Conversion
| Field name | Description |
| From Currency | This refers to the currency that is being converted. It represents the currency in which the initial value or amount is expressed. |
| From Currency Value | This is the specific amount or value expressed in the “from currency” that is to be converted into another currency. |
| To Currency | This is the target or desired currency into which the “from currency” is being converted. It represents the currency in which the value is sought. |
| To Currency Value | This is the equivalent amount or value in the “to currency” obtained after the conversion is performed. |
| Effective Date | It refers to date for which the currency value will get applied. |
| Status | This refers to the current stage of the currency conversion |
Reports
A report is a document that presents information in an organized format for a specific audience and purpose. Although summaries of reports may be delivered orally, complete reports are almost always in the form of written documents.
- Currency Conversion Master Configurations