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The local currency (LCY) is defined in the General Ledger Setup page as described in the article Understanding the General Ledger and the Chart of Accounts. Once the local currency (LCY) has been defined, it will be represented as a blank currency, so when the Currency field is blank, it means that the currency is LCY.

Currency prices are determined in two ways: fixed rates and floating rates. Fixed rates are pegged to a currency while floating rates move freely with market demand.

Currency speculation is the act of buying and selling the money of various countries in order to take advantage of fluctuating exchange rates. Some speculators make many transactions each day with one or more currency pairs, while others purchase a large amount of one currency and then hold on to it for a longer time.

The local currency (LCY) is defined in the General Ledger Setup page as described in the article Understanding the General Ledger and the Chart of Accounts. Once the local currency (LCY) has been defined, it will be represented as a blank currency, so when the Currency field is blank, it means that the currency is LCY.

Our Base Currency in Business central is INR and Base Currency in CRM is USD.

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To set up the default currency in Dynamics 365 for Finance and Operations click: System administration > Setup > System parameters. The currency of a customer can be set on the Sales demographics FastTab on the customer's form. The currency for a contact is retrieved from the related customer.