As someone who has only recently been introduced to Dynamics AX, I was intrigued by the idea of automating the capture of currency exchange rates. Shortly after having my curiosity piqued, I learned that only a precious few individuals seemed to understand how this feat could be accomplished. That discovery has led me to document the process here in hopes of sharing this knowledge with the Dynamics world.
To begin, navigate to General Ledger / Setup / Currency / Configure Exchange Rate Providers. Select your preferred provider from the list and click OK.
The URL’s for that service provider will be displayed, then click CLOSE.
Once done, you will need to select which exchange rate you will be using in the General Ledger / Periodic / Import Currency Exchange Rates screen.
That’s it! Now you can view the rates by navigating to General Ledger / Setup / Currency / Currency Exchange Rates.
This potentially powerful feature is a breeze to set up, and it can be integrated into various other activities within AX 2012. This makes it well worth your time.