Foreign Currency setup in B1

First time to setup B1. Customer needs Local Currency is HKD, PO use China Yuan and System Currency is USD.
1. In Company Detail, Local-HK, System-USA, Default Account Currency should use All or Local?
2. GL COA each account need set Currency to HKD and Balance to HKD or ..?  Few GL account like checking in HK will be HKD, checking in USA will be USD.  How about all others GL accounts in G&A or sales and cost accounts?
3. Admin, Setup, Financials, Currencies has HKD, USD, RMB...10 codes setup already.
4. I could not locate HKD in Admin. Exchange Rates and Indexes.  Only saw RMD, USD, CAD, EUR, GBP, JPY, AUD,SGD.   I entered RMD 6.8447 with USD 1.00 for 12/21/08 exchange rate but did not work in JE to convert correct amount, I used FC for RMD (need HKD most). I need convert either RMD to HKD or HKD to USA or RMD to USD.  HKD can not work since I could not setup in Exchange Rates.
5. How to setup correctly when you enter the data in HKD(LC) or USD (SC) or RMD (Foreign) will convert to another currency at once?  
Thanks.

Gordon,
3. The different currency setup already in B1. 
A. If I set USD $1 to convert RMD $6.8447 in FX rate.  Do I need setup anything else to populate the FC,LC and SC amounts in PO, AR invoice or JE (only will show Local and System Currency, not for All Currency GL accounts as I know)?
B. B1 uses the LC then where I can setup LC to SC daily rate?  like USD $1 = HKD$7.7509
C. In JE data entry has one option for Fix Rate, how to make this work? If I want to set US $1 = RMD $6.8447.
D. New to this forum, how can I give the points to you?  I appreciate for your quick replies.
Edited by: Lily Chien on Dec 22, 2008 8:41 AM

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