Tag Archives: Currencies
Simple foreign exchange conversion method for use in TM1. Convert multiple currencies to multiple currencies easily using a simple FX rates cube and lookup of a cost centre or entity.
The purpose of this article is to describe how to add a Local/Group Currency system to a new TM1 cube; this can be core requirement for International Companies and is relatively common. To explain the Group/Local split, Group – the company’s home country currency – used primarily for Reporting Local – the branch/profit-centre’s currency – how data is entered.