Cloud Services

ModernOps

Currency conversion
Published On May 30, 2024 - 1:04 PM

Currency conversion

Discover the details about currency conversion, which enables System Admin roles to convert the existing currency to any other supported currency.
Costs and price lists from the cloud provider may differ from the Corporate Currency. Currency conversion enables users to define a conversion rate that can be used to change currency values from the cloud provider to the Corporate Currency.
The benefit of being able to do this is so that currency values in Kyndryl Modern Operations Application can be displayed in a single currency no matter what currency is used by the cloud provider.
If you have the System Admin role, the currency conversion page enables you to convert the source currency, the one from the cloud provider, to a display currency.
On this page, you can find the following topics:

Corporate Currency list view

Below the corporate currency bar, the following seven columns display relevant data:
  • From Currency
    : Original currency.
  • To Currency
    : Converted to currency.
  • Conversion Rate
    : Value of one currency converted or exchanged to another currency.
  • Start Date
    : Date currency conversion begins.
  • End Date
    : Date currency conversion ends.
  • Last Updated By
    : Most recent role that updated the currency conversion.
  • Last Updated On
    : Most recent currency conversion date.
At the end of the page, click the left and right pointing arrows to scroll among the set of pages that make up the list of currency conversion rates.
You can change the number of items that appear on each page and the total number of pages by clicking the down arrow in the
Items per page
drop-down list in the lower left corner of the page. You can select to view 5, 10, 20, or 30 items per page.
To filter your currencies, use the
Filters
at the top of the Corporate Currency list view, based on the following categories:
  • From Currency:
    Original currency.
  • To Currency:
    Converted to currency.
  • Date Range:
    Date currency conversion begins.
  • Start Time:
    Time currency conversion begins.
  • End Time:
    Time currency conversion ends.
Once you have made your selections, click
Apply
or to clear your selections and start over, click
Clear
.
You can sort the currency list by clicking a column heading. The direction of the arrow beside the heading indicates whether the list is sorted in ascending or descending order.

Editing a currency conversion rate

To edit a currency conversion rate, perform the following steps:
  1. Click the
    Actions menu vertical
    to the right side of the row that you want to edit.
  2. Click
    Edit
    . Then the currency conversion rate Details page opens.
  3. Change the to and from currencies, conversion rate, start and end dates, and start and end times as needed. Dates that occurred in the past cannot be changed. If both the start and end dates occurred in the past, the currency conversion rate cannot be changed.
  4. To view the edit history, click the
    View History
    link. The View History page displays.
  5. To view details, click the
    Details
    link. Then, the History Details page opens.
  6. To navigate back, click the back arrow.
  7. When you have finished editing currency conversion, click
    Update
    to save your changes. Or click
    Cancel
    to close the page without saving your changes.
  8. Click the
    X
    in the upper-right corner of the page to close it. If you have made unsaved changes, you are then prompted to save the changes.

Deleting a currency conversion rate

To delete an item from the currency conversion rate list, perform the following steps:
  1. Click the
    Actions menu vertical
    to the right side of the row that you want to delete.
  2. Click
    Delete
    . A confirmation window displays the
    Delete Currency Conversion Rate
    message. An error message appears if the start or end date occurred in the past.
  3. Click
    Delete
    to delete the conversion rate, or click
    Cancel
    to close the window without saving.
Deleting a currency conversion rate cannot be undone. Only currency conversion rates with future start and end dates can be deleted.

Currency conversion for Corporate Currency

Corporate Currency configuration should be set during system setup. The corporate currency cannot be changed once orders and active service offering instances are in the system. Changing the corporate currency after orders and active service offering instances are created can make the system unstable.
The corporate currency or default currency, appears at the top of the Currency Conversion page. All currency values are displayed in the default currency.
The default currency must be one of the supported currencies. If currency value is in a currency other than the corporate or default currency, the Kyndryl Modern Operations Applications converts currency values with the defined currency conversion rates to the corporate or default currency before it is displayed.
The Kyndryl application provides three types of currencies: ISO currency, instance currency, and default currency.
Conversion rates can be configured to convert from other default customer tenant supported currencies to the corporate currency.
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