# Exchange Rates

## P**rerequisites**

* An exchange rate source for extracting data to be inserted in Dataloy VMS.
* Base Currency must be set.\
  \&#xNAN;***Note**: Locate Base Currency by getting ws/rest/System/1000000, then following relevant country link (Country Currency = the Base Currency).*

## **Integration Set-Up**

Set up a task for extracting exchange rates from either an accounting system or from a source delivering exchange rates service. Then insert the exchange rate into Dataloy VMS using the request under Data Transaction (below).

## **Data Transaction**

To insert an exchange rate in Dataloy VMS (fields required):

{% hint style="danger" %}
Updated for [API version 2.0.0](https://dataloy-cloud.atlassian.net/wiki/spaces/ARN/pages/923404316/Dataloy+API+2.0+Release+Notes) using the new required date format **yyyy-dd-MMThh:mi:ss** to conform ISO 8601, (prior versions has date format: yyyy-dd-MM hh:mi:ss)
{% endhint %}

**Post an exchange rate to Dataloy**

```
POST /ExchangeRate
  
{
    "currency": "EUR",
    "fromCurrency": "USD",
    "exchangeRate": 0.74042,
    "exchangeRateDate": "2014-01-01T00:00:00"
}
```

**Post Transaction**

No post transaction is required.