Currency conversion not working for foreign entity

Question

I am having an issue with currency conversion not generating the correct values for foreign entities. For entities where the currency is USD, I am able to see the LC amount being written to USD. However, for entites that have currencies other than USD, I just see zeros. I have double-checked to make sure that rates exist for the given currencies. Below is the logic script I am using which is a modificatio nof the multicurrency.lgl. Any help would be greatly appreciated.
// filter the appropriate currencies and rates
*SELECT(%REPORTING_CURRENCIES%, "[ID]", "RptCurrency", "[REPORTING] = 'Y'")
*SELECT(%FX_RATES%,"[ID]","RATE","[GROUP]='FX RATE'")
// set the appropriate region to clear
//(all reporting currencies)
*CLEAR_DESTINATION
*DESTINATION RPTCURRENCY=%REPORTING_CURRENCIES%
// load the rates from the RATE cube
*LOOKUP RATE
*DIM RATESRC="RATECALC"
*DIM Rate=ARFIELD.RATETYPE
*DIM SOURCECURR: INPUTCURRENCY=LOC_MILLOTH.CURRENCY
*FOR %CURR%=%REPORTING_CURRENCIES%
*DIM %CURR%:INPUTCURRENCY="%CURR%"
*NEXT
*ENDLOOKUP
// define the translation rule
*WHEN ARFIELD.RATETYPE
*IS "NOTRANS"
// translate
*IS %FX_RATES%
       *FOR %CURR%=%REPORTING_CURRENCIES%
           *REC(FACTOR=LOOKUP(SOURCECURR)/LOOKUP(%CURR%),RptCurrency="%CURR%")
       *NEXT
*ELSE
       *FOR %CURR%=%REPORTING_CURRENCIES%
           *REC(RptCurrency="%CURR%")
       *NEXT
*ENDWHEN
*FOR %CURR%=%REPORTING_CURRENCIES%
         [RptCurrency].[#%CURR%]=null
*NEXT
*COMMIT
Regards,
Karen

Answer 1

Hi Karen,
I'm no script logic expert so I won't comment on your code. If it's working for USD then the code is probably fine.
There are a few other things you could check (these are based on investigation using the standard multicurrency script). They should line up with the standard Finance application from AppSet
In the InputCurrency dimension for the currencies you want to convert into :
   Check property Reporting is equal to "Y"
   Check property Group is set to "Report"
   Check propoerty MD has a value of "M" or "D"
In the RptCurrency dimension you need to have entries for the the currencies you want to convert into (AppSet only has USD and EUR to start). Also for each of the currencies :
   Check property Reporting is equal to "Y"
   Check property Group is equal to "Report"
   Check property Transfer is equal to "Y"
I'm not convinced that the Transfer value is required but from my testing if you get the above set up and use the standard multicurrency script it will work.
The testing I did was translating into USD, EUR, GBP, CHF, AUD etc
Hope this helps.
Thanks.
Bradley Newcombe.
Edited by: Bradley Newcombe on Apr 28, 2009 1:30 PM