Foreign exchange rates
PolicyCenter supports the ability to store and manage foreign exchange rates. You create and manage foreign exchange rates as part of an exchange rate set. Foreign exchange rate sets include one or more foreign exchange rates.
For more information on the business functionality of foreign exchange rates, see the Application Guide.
Foreign exchange rate sets
Each exchange rate set can include the following values:
| Field | Description |
|---|---|
| baseCurrency | The ISO 4217 currency code of the "from currency." |
| displayName | The system-generated name of the foreign exchange rate set. |
| effectiveDate | The effective date of the exchange rate set. This date cannot overlap with the effective date of another exchange rate set. |
| expirationDate | The expiration date of the exchange rate set. This date can be excluded, set to null, or set to a specific date. If there is no expiration date for the exchange rate set, the system adds an expiration date whenever it needs to prevent overlaps with the effective date of another exchange rate set. |
| foreignExchangeRates | An array that includes one or more foreign exchange rates. |
| id | The system-generated id of the foreign exchange rate set. |
| rateType | The rate type, either market or
corporate. A market rate is used for policy pricing
and invoicing A corporate rate is used for reporting. |
Exchange rates
Each foreign exchange rate can include the following values:
| Field | Description |
|---|---|
| marketDateTime | The market date and time. Date or DateTime formats are valid. |
| displayName | The system-generated name of the foreign exchange rates. |
| id | The system-generated id of the foreign exchange rate. |
| priceCurrency | The ISO 4217 currency code and name of the "to currency." |
| rate | The exchange rate of the currency expressed as a BigDecimal value. |