Update Exchange Rates Table

Source of Exchange Rates Data

Highnix ERP provides a few soucres of exchange rates data. They are Yahoo, Google and Monetory Authority of Singapore or MAS. Both Yahoo and Google are commercial companies that provide exchange rates of the spot. Exchange rates history may be provided but users must sign in on their websites and manually select the dates of the rates. This make it very inconvenient for users to retrieve exchange rates histories.

Monetory Authority Of Singapore (MAS) is an official source of exchange rates that are recognized by the government agencies and widely used by banks and most companies operate in Singapore. It provides not only the day's rate, but also the history rates.

Highnix Uses The Official Exchange Rates Published by Monetory Authority Of Singapore (MAS)

Highnix ERP is a registered entity with MAS to obtain the official published exchange rates. We are able to retrieve the official exchange rates for "end of day" and "last month average" to meet the users' exchange rate applications. MAS as an offiical provider of the exchange rates, the exchange rates are widely recognized and used by SMEs, MNCs and government agencies operate in Singapore. On the exchange rate screen, there are 2 "Get" buttons, one is for retrieving day rates, and the other one is for retrieving the Last Month Average Rates. Please Note that MAS publish the exchange rates after 3pm except for Saturday, Sunday and Public Holidays. If the rates are unavailable, the system will provide a Notice on top.

For users who use the "Last Month Average Rate" as their month end rate, please copy and paste the rates shown in the "Last Month Average Rate" to the "Exchange Rate" box, select the "Date to Use From" box and click on Add New button.

To retrieve the Exchange Rate History, select the date desired and click on "Get" button. Likewise for obtaining the "Last month Average Rate".

Note: The last month average rate is based on the date selected and the system will obtain the data of the last month based on this date.