Daily Currency Rate upload

Question

Hi
We are working on 11.5.10.2.
How can I upload daily currency rate upload to my oracle application from bank or any other system ?
Will it be loaded in oracle GL and then drill down for use in AP and AR ?
We are planning to use multi currency payments, I mean raise an invoice in a foreign currency and pay in foreign currency?so what are the prerequisite set up required for achieving this?
Thanks

Answer 1

GL_DAILY_RATES_INTERFACE is the interface you use to create, update, and delete daily conversion rates. Customers should use this table to load rates into the GL_DAILY_RATES table.
To use this table to insert/update rates into GL_DAILY_RATES, insert rows into it with a FROM_CURRENCY, a TO_CURRENCY, a FROM_CONVERSION_DATE, a TO_CONVERSION_DATE, a USER_CONVERSION_TYPE, a CONVERSION_RATE, a MODE of 'I', and, optionally, an INVERSE_CONVERSION_RATE. Oracle General Ledger will automatically create rows in GL_DAILY_RATES for each date between the FROM_CONVERSION_DATE and the TO_CONVERSION_DATE, using the specified FROM_CURRENCY, TO_CURRENCY, USER_CONVERSION_TYPE, and CONVERSION_RATE.
INSERT INTO GL_DAILY_RATES_INTERFACE
     from_currency,
     to_currency,
     from_conversion_date,
     to_conversion_date,
     user_conversion_type,
     conversion_rate,
     mode_flag
VALUES
     SGD,
     'USD',
     '01-FEB-2008',
     '28-FEB-2008',
     'Spot',
     1.33,
     'I'
COMMIT
Hope this is what you required.