For this reason, companies are looking to leverage their existing investments in testing and implementation software to take early advantage of business opportunity as well as to comply with legislative obligations. Triangulation regulations mandate that a member currency must be converted to the euro before it is converted to another member currency.
Developers can adjust decimal positions and the floating rates to be applied.
Keep applications in production during transition Only a short amount of time remains for businesses to implement euro currency processing in their applications. Some will convert applications using a phased approach, during which time all applications will be receiving both euro and non-euro currencies. File-AID offers an alternative approach by providing a data interface to convert between euro and local currencies instead of changing an application to process both. This bridge can be used as either a temporary or a permanent solution. As many different conversion programs exist as there are individual developers and teams to write them.