Axya supports multiple currencies across your RFQs and Purchase Orders. You can choose between live market rates or custom fixed rates set by your organization.
Axya supports the following currencies for quoting and ordering:
Supplier quotes can be submitted in any supported currency. Axya handles conversions automatically when comparing quotes across currencies.
By default, Axya uses live exchange rates from a trusted market data provider. Rates update automatically and are applied in real time when comparing supplier quotes in different currencies.
Organizations can opt into a custom rate system to use internally-set fixed rates instead of fluctuating live rates. This is useful for:
Once enabled, all RFQ and PO conversions in your organization use your custom rates instead of live market rates.
When an RFQ is closed (awarded or cancelled), the exchange rates in effect at that moment are frozen for that request. This ensures:
| Feature | Rate Used |
|---|---|
| Quote Comparison | Converts all supplier quotes to a common currency for side-by-side comparison |
| RFQ Award | Uses the rate at the time of closure for final award calculations |
| PO Pricing | Applies the agreed rate from the RFQ or the current rate for manual POs |
| Analytics | Uses the rate at the time of transaction for reporting accuracy |
For assistance configuring exchange rates, contact customerservice@axya.co.