Odoo Addons (MOVED TO GITHUB)

Creating a new currency

Asked by Bushair

Hi,
I would like to create a new currency Saudi riyal

When i navigated to newCurrency creation window it is asking the following details

Currency :Saudi Riyal
Code :SR
CurrentRate :What value i should give here?

What is the field "rounding factor " indicates?what value i should give here for adding Saudi riyal?

thanks
Bushair

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Odoo Addons (MOVED TO GITHUB) Edit question
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Solved by:
Vinay Rana (OpenERP)
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Best Vinay Rana (OpenERP) (vra-openerp) said : 		#1

Hello Bushair,

Currency rate is used to convert the used currency into company currency.

For example:
suppose company currency is in $ and you have created invoice in rupees .
How much rupees is equivalent to how much $ ?
1$ = 50 Rs(Indian Currency,Which is flexible in day to day)
So the rate is :50 for converting dollar amount into Indian rupees.

And rounding factor is used for rounding purpose,by default it 0.01 that 1/100 means 2 digits.
Hope This will help you.

Thanks.

Revision history for this message
Bushair (bushairka) said : 		#2

Hi,
Thank you very much for the answer