How to Update Exchange Rates in RedSky

Steps to manually update Exchange rates in RedSky.

Administration >> Exchange Rates

Click on the "Add" button at the bottom, that would open a pop up page.

Below will guide you through adding exchange rates for different currencies manually.

1. Currency Selection: Choose the currency for which you want to add exchange rates.

2. Base Currency: This will automatically be set to your base currency.

3. Official Rate: Enter the official exchange rate.

4. Base Currency Rate: Input the rate of your base currency against the selected currency. For example, in the

    screenshot below, 0.0120 USD is equivalent to 1 INR.

5. Currency Base Rate: Enter the rate of the selected currency against your base currency. For example, in the 

    screenshot below, 83.50 INR is equivalent to 1 USD.

6. Value Date: Specify the date for which you are adding the exchange rate.

7. Manual Update: Set this option to "Yes".

8. Margin %: Enter a value here to apply a specific margin percentage, or set to 0 if no margin is needed.

These steps will guide you through adding exchange rates for different currencies manually.