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Accessing Data and Data Analysis
Creating Calculations
Converting to and from Euros
The following section describes how BusinessObjects uses built-in functions to
help you quickly and accurately convert a currency to or from euros.
What is the euro?
The euro is the official currency unit of the European countries that belong to the
EMU (European Monetary Union).
Each one of these countries has a conversion rate between the euro its former
national currency. EMU regulations stipulate how the conversion must be carried
out.
BusinessObjects euro conversion functions adhere to these stipulations.
Displaying the euro symbol
The euro is designated by an official symbol. To display this currency symbol in
BusinessObjects, you need to have a Windows operating system that can display
it or you need to install a euro font upgrade to your Windows operating system.
If your operating system cannot display the euro symbol, you can use the official
ISO three-letter code, EUR, instead.
How does the conversion work?
Each currency has a fixed conversion rate of six significant digits. The number of
digits after the decimal point depends on the number of digits before the decimal
point.
EXAMPLE
Converting to euros: six- digit conversion rates
The conversion rate for Dutch guilders (NLG) is 2.20371, with 1 digit before the
decimal and five after.
The conversion rate for Belgian francs (BEF) is 40.3399, with 2 digits before the
decimal point and four after.
To convert to euros from an EMU-compliant currency, you divide the local
currency amount using the six-digit conversion rate for that currency and then
round the result to display the appropriate number of decimal digits.
To convert from euros to an EMU-compliant currency, you multiply the amount in
euros by the six-digit conversion rate for the target currency and then round the
result to display the appropriate number of decimal digits.
Euro currency
symbol