Currency Rate Inverted

Allows to maintain an exchange rate using the inversion method

Technical Name:
currency_rate_inverted
License:
Author:
Eficent
  • Odoo Version

License: AGPL-3

Currency Exchange Rate Inverted

This module applies the inverse method in the conversion between two currencies.

The inverse method is a calculation method that uses the inverse (reciprocal) exchange rate for the multiplier and divisor when converting amounts from one currency to another.

The exchange rate of the multiplier and divisor are the reciprocal, or opposite, of each other.

The inverse method multiplies the foreign amount by the exchange rate to calculate the company currency (also called domestic) amount.

Configuration

To convert amounts from one currency to another using the inverse method, you have to go to Accounting / Configuration / Accounting / Currencies. Then select the foreign currency that you wish to maintain inversion for and set the flag Inverted exchange rate.

Usage

Try me on Runbot

Bug Tracker

Bugs are tracked on GitHub Issues. In case of trouble, please check there if your issue has already been reported. If you spotted it first, help us smash it by providing detailed and welcomed feedback.

Credits

Images

  • Odoo Community Association: Icon.

Contributors

  • Eficent (www.eficent.com)
  • Techrifiv Solutions Pte Ltd (www.techrifiv.com.sg)
  • Statecraft Systems Pte Ltd (www.statecraftsystems.sg)
  • Komit (Jean-Charles Drubay <jc@komit-consulting.com>)

Do not contact contributors directly about support or help with technical issues.

Maintainer

Odoo Community Association

This module is maintained by the OCA.

OCA, or the Odoo Community Association, is a nonprofit organization whose mission is to support the collaborative development of Odoo features and promote its widespread use.

To contribute to this module, please visit https://odoo-community.org.

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