Setting Up the Local Fees Exchange Rate Feature for Placements

We have included a local fee calculator in the placement record that will enable you to convert the local fee back to your base currency.

Here is how to set up the exchange rates:

Firstly from the main menu go to 'Admin'.
On the 'Company Tab' you will need to set your Default Base Currency, this is set in the Currency field by selecting it from the drop-down list.
Once you have selected the currency click 'Save'.
Once you have set your default currency you can then select to use a fixed conversion or automated exchange rate.
To set the exchange rate mechanism click the 'Convert' button.
You will then see the following pop-up.

Note that UK Sterling (GBP) is set as the base currency in the pop and the rate is set to 1.

You now select to automatically have the rates refresh at 4.00pm each day or enter a fixed value into the corresponding rate field as the exchange rate to use in the placement record.

Exchange Rate Pop - Local Fees

As many of you place candidates internationally you might have to calculate your fees in the country of placement using the local currency, otherwise, known as local fees.