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Advanced Exchange Rates
What: The Exchange Rates Tool (XCH) enhances the Dynamics AX currency and exchange rate functionality.
Live exchange rates for currencies can be pulled automatically from a web service ᵃ, at a frequency that can be configured to suit your business needs. The following services are supported out-of-the-box: XE, Xignite, OANDA, OpenExchangeRates.org, Bank of Canada.
Exchange rates for foreign currency journal transactions can be fetched for specific dates, if a rate doesn't already exist in Dynamics AX, improving accuracy ᵇ.
Currencies are more easily identified, using vibrant flag icons.
When: You wish you didn’t have to type in the currency exchange rates every day. You wish you could get the latest spot rate when entering a journal ᵇ.
Why: Reduce manual data entry to periodically enter the exchange rates. Eliminate the chance of exchange rate data entry errors. Have the option to use the spot rate when entering transactions which provides better accuracy ᵇ.
ᵃ Most currency web services require a subscription.
ᵇ Auto-fetch in journal feature is not available in Dynamics 365 version.