Currency rate settings

Currency defaults and exchange rates are used when you generate exposure views, run analyses, and view results.

Admin > Administration Console > Global Defaults > Currency Rate Settings

Currency Rate Settings enables Business Unit Administrators and System Administrators to manage currency rate sets, currency defaults, and exchange rates. Administrators can import currency rate settings from a CSV file and export currency rate settings to a CSV file.

Note:

Users can override "display currency" and "analysis currency" from various places in the application, including:

  • Programs, Exposure Set

  • Company and portfolio Loss Results panes

  • Analysis Management pane

  • Global Defaults > Currency Rate Settings

  • Program and Portfolio templates in Object Management.

Parameters and Buttons

Description

Common buttons

Use these buttons (when applicable) and the parameters below to create and modify currency rate settings.

Currency Rate Tables

The unlabeled left column includes a list of currency rate tables (or "sets"). You cannot delete or modify the "Verisk Default" rate table. To create a new rate set, click . When the new Custom Exchange Rate Set grid appears, specify the defaults, modify the information as needed, and then click Save.

Display Defaults

Select the monetary values to display by default in the user interface; Touchstone Re uses the selected currency rate set to convert analysis currency values to the default display currency. Select the unit in which to display the currency: Ones, Thousands, Millions, or Billions; selected units persist throughout the user interface.

Note:

The Saved Currency option in various locations in the user interface enables you to display exposures and results in the currency they were imported in or analyzed in respectively.

Name

The name of the selected currency rate set. You can rename every rate set except for "Verisk Default"

Base Currency

Select a base currency. This is used as a basis (one unit) from which to convert one currency to another currency using the selected currency rate set. Each currency rate set can have only one base currency.

Code

An industry-wide standard maintained by the International Organization for Standardization (IOS) to identify currency by country.

Rate

To modify a currency rate, click in the Rate cell for the rate you want to change, edit the rate, and then press Enter. A rate value must be a valid decimal value greater than "0".