Currency Units
The three-letter currency abbreviations are based on the ISO 4217 currency codes.
When calculating with currencies, FACTON distinguishes between:
All calculated values are shown in the calculation currency. When changing the calculation currency, all calculated values in the calculation are converted accordingly.
Further Information ► Change Calculation Currency
The input currency is the currency in which a value is manually entered by the user. The user can enter the values either locally at the created project element, or globally in the master data.
The global values are determined by the global value rules.
The view currency is the currency the values are displayed in. It is dependent on the calculation and input currency, and it is not saved with the calculation. Toggling the view currency allows you to show the calculation results in a different currency.
Further Information ► Change View Currency
When creating a new calculation, the system currency is preset as calculation currency and view currency.
To enter values with currencies, you can switch to any currency offered by FACTON.
More information on conversion principles
Converting between different currencies always takes place according to the following principles:
- Each currency conversion uses EUR as the initial currency because exchange rates are always based on EUR and then maintained in the respective target currency.
- Calculating values with currencies takes place in the calculation currency.
- Values with currencies that are entered are converted from EUR into the calculation currency before they are used in further calculations.
- To display calculation results with currencies in a given view currency, the value calculated with currency in the calculation currency is first converted to EUR and then to the view currency.
The specific exchange rates between these currencies are centrally set in an exchange rate table in the Master Data workspace and can be changed in a calculation.