Use the form below to submit an article request or log a Service Request to contact RMS Customer Support.




    Foreign Currency Exchange

    Exchange a foreign currency in RMS.

    Decision Tree

    Foreign Currency Exchange is available on the Encashment tab of the Reservation when using Foreign Exchange Rates.

    • Information
    • Use
    • Add Button

    Information

    Foreign Currency Exchange is available on the Encashment tab of the Reservation when using Foreign Exchange Rates.

    Foreign Exchange Rates are static conversion rates that can be used for currency conversion and multiple currencies in RMS.

    The Foreign Exchange Rates entered can be used as an Alternate Currency, for Currency Exchange or Currency Conversion on Quick Quote.

    Foreign Exchange Rates must be entered as a static conversion rate to convert the foreign currency into the local currency.

    Exchange rates remain at the static value entered and are not automatically adjusted.



    The Encashment tab must be enabled and Foreign Exchange Rates setup to complete Foreign Currency Exchange in RMS.

    Reservation is a default System Label that can be customised.



    Users will require Security Profile access to use this feature.



    • Use
    • Add Button

    Use

    1. Go to the Toolbar Menu Reservation Search in RMS.
    2. Enter the Reservation Number.
    3. Press 'Enter' on the keyboard.
    4. Navigate to the 'Encashment' tab.
    5. Select the 'Create Certificate' icon.
    6. Enter the Foreign Currency Type.
    7. Enter the Foreign Currency Amount.
    8. Select the Foreign Currency.
    9. Select 'Currency Exchange' or 'Apply to Account'.
    10. Select the 'Process' icon.
      1. Currency Exchange: Select 'Print Transaction Receipt' or 'Encashment Certificate Only' and choose the  'Print' icon.
      2. Apply to Account: Select 'Yes' to confirm applying the Foreign Currency to the Reservation Account.



    The Encashment tab must be enabled and Foreign Exchange Rates setup to complete Foreign Currency Exchange in RMS.

    Nationality and Passport Number will auto populate using the information on the Guest Profile.



    • Guide
    • Add Button

    Guide

    Go to the Toolbar Menu Reservation Search in RMS.

    Enter the Reservation Number and press 'Enter' on the keyboard.

    Navigate to the  'Encashment' tab.

    Select the  'Create Certificate' icon.

    Enter the Foreign Currency Type.

    Enter the Foreign Currency Amount.

    Select the Foreign Currency.

    Select 'Currency Exchange' or 'Apply to Account'.

    Select the  'Process' icon.

    Currency Exchange: Select 'Print Transaction Receipt' or 'Encashment Certificate Only' and choose the  'Print' icon.

    The selected option will be open on screen for printing.

    Apply to Account: Select 'Yes' to confirm applying the Foreign Currency to the Reservation Account.

    A Forex Cash Receipt will be created on the Reservation Account for the exchange value.


    Use

    1. Go to the Toolbar Menu Reservation Search in RMS.
    2. Enter the Reservation Number.
    3. Press 'Enter' on the keyboard.
    4. Navigate to the 'Encashment' tab.
    5. Select the 'Create Certificate' icon.
    6. Enter the Foreign Currency Type.
    7. Enter the Foreign Currency Amount.
    8. Select the Foreign Currency.
    9. Select 'Currency Exchange' or 'Apply to Account'.
    10. Select the 'Process' icon.
      1. Currency Exchange: Select 'Print Transaction Receipt' or 'Encashment Certificate Only' and choose the  'Print' icon.
      2. Apply to Account: Select 'Yes' to confirm applying the Foreign Currency to the Reservation Account.



    The Encashment tab must be enabled and Foreign Exchange Rates setup to complete Foreign Currency Exchange in RMS.

    Nationality and Passport Number will auto populate using the information on the Guest Profile.



    • Guide
    • Add Button

    Guide

    Go to the Toolbar Menu Reservation Search in RMS.

    Enter the Reservation Number and press 'Enter' on the keyboard.

    Navigate to the  'Encashment' tab.

    Select the  'Create Certificate' icon.

    Enter the Foreign Currency Type.

    Enter the Foreign Currency Amount.

    Select the Foreign Currency.

    Select 'Currency Exchange' or 'Apply to Account'.

    Select the  'Process' icon.

    Currency Exchange: Select 'Print Transaction Receipt' or 'Encashment Certificate Only' and choose the  'Print' icon.

    The selected option will be open on screen for printing.

    Apply to Account: Select 'Yes' to confirm applying the Foreign Currency to the Reservation Account.

    A Forex Cash Receipt will be created on the Reservation Account for the exchange value.



    Was this article helpful?

    Send Feedback

    Can’t find what you’re looking for?

    Submit an article request or log a Service Request to contact RMS Customer Support.

    Article Request