Convert Currency based on the Exchange Rates in Microsoft Dynamics AX 2012

In Microsoft Dynamics there is a method available for converting the amount from one currency to another based on the exchange rates.

The method that I am talking about is curPrice2CurPrice method in Currency table.

Below is the code of this method

You have to pass the price and the old currency in which the price actually is and the new currency in which you are converting the price.

Same method is implemented on Purchase Order Form.You can see the existing behavior if you have R2 installed.Just create new purchase order and than create some purchase order lines in it and than in the purchase order header tab change the currency.

After changing the currency the unit price in the purchase order line will convert based on the currency that you have selected.

You can see the below images before and after changing the currency on purchase order.

 Before changing the currency:

  
After changing the currency:

You can also see the exchange rates on the below navigation path:

GL --> Setup --> Exchange rate type --> Set Default --> check currency for which you need to check the exchange rate for

This was related to the currency and exchange rates.
I hope you like it :)

Thanks

Muhammad Zahid.