Using currency conversions...

[wmflan]

I've reviewed this forum and the user files and I can't seem to find the answer:
Our UK and EU divisions have selected GBP and EUR, respectively, for their local currencies, our system default is USD.
When we change the exchange rate, does this affect the converted values for ALL Quotes at all stages? In other words, with a drop in the GBP exchange rate, will last year's (closed) UK business report lower in USD?
My team is very reluctant to trust SugarCRM to report currency conversions because of questions about this.

[kbrill]

They shouldn't unless you open and edit that closed quote, then it would recalculate.

[wmflan]

Thanks for the reply, kbrill; I'll work to promote this to my team...