Daily updates from Odoo
Thursday, December 10, 2015
1 change · master
New functionality added to Odoo
Odoo now lets businesses enter exchange rates in the direction that is most practical for them, such as showing how much local currency equals one foreign currency. This makes currency setup easier for companies that work regularly with foreign currencies and prefer reciprocal rate conventions.
Original PR description
In this PR the currency is extended with the an inverted exchange rate flag. 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. For example, a company in Australia using AUD as base currency creates purchases and sales to/from United States. Expressing 1 AUD = 0.73 USD is not convenient, and people might better want to express the conversion in terms of the local currency, as 1 USD = 1.37 AUD. When setting the flag 'Inverted exchange rate' it is assumed that the rate indicated in the currency will be expressed per company currency.