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Out-of-the-box Exchange Rate Imports with Dynamics AX 2012

Keeping with the trend of connecting Dynamics AX to the outside world through web services, and even providing out-of-the-box, ready-to-use ones, Dynamics AX 2012 r2 now allows you to set up automatic exchange rate imports in just a few clicks.

You must first set up the exchange rate provider you want to use, and AX comes with 3 providers ready to use (More can easily be developed) in General Ledger / Setup / Currency / Configure Exchange Rate Providers :

exchange rate providers, Microsoft Dynamics AX 2012

Once this is done, General Ledger / Periodic / Import Currency Exchange Rates allows you to choose which Exchange Rate Type you want to import the rates for, and using which provider. 

You can of course set one up for each rate type, and even schedule these to import periodically using the standard AX batch feature 

Import Currency Exchange Rates, Microsoft Dynamics AX

Once this has run, your rates can be reviewed in General Ledger / Setup / Currency / Exchange Rates :

Exchange Rates, Microsoft Dynamics AX

This illustrates very well how Dynamics AX Web Services integration contribute to make AX 2012 powerfully simple.

About the Author

AntoineL

Antoine is a Senior Consultant with SAG, specializing in Dynamics AX and GP. He has more than 15 years experience in consulting, particularly in the areas of Financial Management and Business Intelligence.

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