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sourceDocument: Xanadu ServiceNow AI Platform Administration
sourceDocumentLink: https://servicenow-prod.fluidtopics.net/r/xanadu/platform-administration

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    - xanadu

ft:locale :

    - en-US

ft:publication_title :

    - Xanadu ServiceNow AI Platform Administration

ft:clusterId :

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workflow :

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---

# Specify the rate table and date source for currency conversions

# Specify the rate table and date source for currency conversions {#ariaid-title1}

* Release version: Xanadu
* 
* Updated August 1, 2024
* 
* ![](https://www.servicenow.com/docs/portal-asset/ico-clock) 1 minute to read

Identify the rate table and data source to use for currency conversions for the
designated FX Currency field.

## Procedure

1. Click the Rate Table tab.
2. In the Conversion Rate Table field, select the rate table used for conversions of currency values in the FX Currency field:  
   * To use the default system rate table you defined in the glide.currency2.system_rate_table property in System LocalizationAll Properties., select System Currency Conversion Rate. This table stores daily reference rates retrieved from the European Central Bank.

     To learn more
     about the system rate table, see [Default currency conversions](https://servicenow-prod.fluidtopics.net/_xpXZ1MzROkQ0B2QnwIdBg "Currency values can be converted to other currencies when stored and accessed.").
   * If you have defined a custom rate table, you can select it to use in currency conversions for the FX Currency field. To learn more about how to define custom rate tables, see [Add conversion rates using a custom rate table](https://servicenow-prod.fluidtopics.net/B8cYf45ov0FsuiCXko5ddg "You can create a custom rate table to ensure repeatable and consistent calculations. In a custom rate table, you control the conversion rates and the frequency of rate conversions. If you don't define custom rate tables, FX Currency fields use the System Conversion Currency Rate [fx_system_rate] table, which updates rates daily from the ECB (European Central Bank) website.").
   {#fx-currency-conv-rate-table-date-source__ul_rpb_nzv_5jb}
3. In the Conversion Date Source field, select the field to use as the source of the date and time for the currency conversion for the FX Currency field:  
   * To use the date and time at which the user performs the currency conversion, select --None--.
   * To use as the source of the date and time for the currency conversion, select the dot-walked field. For example, to perform the currency
     conversion based on the currency rates in effect, select a
     transaction date field. So, if you entered the transaction on July
     15, and you perform the currency conversion on July 31, it uses the
     currency conversion rates in effect on July 15.

   {#fx-currency-conv-rate-table-date-source__ul_j1h_mxc_sjb}
4. Click Save.
{#fx-currency-conv-rate-table-date-source__steps_qdg_tr5_rjb}
**Related concepts**   

* [Understanding how FX Currency field conversions work](https://servicenow-prod.fluidtopics.net/zppfzOFo~SHnxl7w6MzRyg "You can use existing system currency rates or define a custom conversion rate table for use in FX Currency processing.")  
**Related tasks**   

* [Add conversion rates using a custom rate table](https://servicenow-prod.fluidtopics.net/B8cYf45ov0FsuiCXko5ddg "You can create a custom rate table to ensure repeatable and consistent calculations. In a custom rate table, you control the conversion rates and the frequency of rate conversions. If you don't define custom rate tables, FX Currency fields use the System Conversion Currency Rate [fx_system_rate] table, which updates rates daily from the ECB (European Central Bank) website.")

*[\>]: and then