CUR Currency

To specify the currency (dollars, pounds, francs, etc.) used in a transaction

Position: CUR-01 · Element: 98 · Name: Entity Identifier Code · Type: Identifier (ID) · Requirement: Mandatory · Min: 2 · Max: 2 · Repeat: -

Code identifying an organizational entity or a physical location.

If CUR08 is present, then CUR07 is required.

CUR*BY*USD*1.20*SE*CAD*NY*007*840821*1400 N/L 1 2 3 4 1. Identifies the buyer's (BY) currency as U.S. dollars (USD). 2. The multiplier (1.20) is the exchange rate factor for the conversion. 3. Identifies the seller's (SE) currency as Canadian dollars (CAD). 4. Indicates the basis for the exchange rate as the New York Foreign Exchange (NY) and the effective date/time (007) as August 21, 1984 (840821) at 2:00 P.M. (1400). The value for this item is to be converted to Canadian dollars (CAD) at the exchange rate of 1.20, based on the New York Foreign Exchange (NY) at 2:00 P.M. (1400) on August 21, 1984. The actual unit price conversion for the item would be: The unit price value 7.50 (U.S. dollars) multiplied by the exchange rate (1.20) equals 9.00 Canadian dollars (7.50 X 1.20 = 9.00) CUR07 through CUR21 provide for five (5) dates/times relating to the currency conversion, i.e., effective date, expiration date, etc. See the ANSI X12.3 Data Dictionary for a complete list of date/time qualifiers.

Position: CUR-02 · Element: 100 · Name: Currency Code · Type: Identifier (ID) · Requirement: Mandatory · Min: 3 · Max: 3 · Repeat: -

Code (Standard ISO) for country in whose currency the charges are specified.

If CUR09 is present, then CUR07 is required.

Position: CUR-03 · Element: 280 · Name: Exchange Rate · Type: Decimal number (R) · Requirement: Optional · Min: 4 · Max: 6 · Repeat: -

Value to be used as a multiplier conversion factor to convert monetary value from one currency to another.

If CUR11 is present, then CUR10 is required.

Position: CUR-04 · Element: 98 · Name: Entity Identifier Code · Type: Identifier (ID) · Requirement: Optional · Min: 2 · Max: 2 · Repeat: -

Code identifying an organizational entity or a physical location.

If CUR12 is present, then CUR10 is required.

Position: CUR-05 · Element: 100 · Name: Currency Code · Type: Identifier (ID) · Requirement: Optional · Min: 3 · Max: 3 · Repeat: -

Code (Standard ISO) for country in whose currency the charges are specified.

If CUR14 is present, then CUR13 is required.

Position: CUR-06 · Element: 669 · Name: Currency Market/Exchange Code · Type: Identifier (ID) · Requirement: Optional · Min: 3 · Max: 3 · Repeat: -

Code identifying the market upon which the currency exchange rate is based.

If CUR15 is present, then CUR13 is required.

Position: CUR-07 · Element: 374 · Name: Date/Time Qualifier · Type: Identifier (ID) · Requirement: Conditional · Min: 3 · Max: 3 · Repeat: -

Code specifying type of date or time, or both date and time.

If CUR17 is present, then CUR16 is required.

Position: CUR-08 · Element: 373 · Name: Date · Type: Date (DT) · Requirement: Optional · Min: 6 · Max: 6 · Repeat: -

Date (YYMMDD).

If CUR18 is present, then CUR16 is required.

Position: CUR-09 · Element: 337 · Name: Time · Type: Time (TM) · Requirement: Optional · Min: 4 · Max: 4 · Repeat: -

Time expressed in 24-hour clock time (HHMM) (Time range: 0000 though 2359).

If CUR20 is present, then CUR19 is required.

Position: CUR-10 · Element: 374 · Name: Date/Time Qualifier · Type: Identifier (ID) · Requirement: Conditional · Min: 3 · Max: 3 · Repeat: -

Code specifying type of date or time, or both date and time.

If CUR21 is present, then CUR19 is required.

Position: CUR-11 · Element: 373 · Name: Date · Type: Date (DT) · Requirement: Optional · Min: 6 · Max: 6 · Repeat: -

Date (YYMMDD).

Position: CUR-12 · Element: 337 · Name: Time · Type: Time (TM) · Requirement: Optional · Min: 4 · Max: 4 · Repeat: -

Time expressed in 24-hour clock time (HHMM) (Time range: 0000 though 2359).

Position: CUR-13 · Element: 374 · Name: Date/Time Qualifier · Type: Identifier (ID) · Requirement: Conditional · Min: 3 · Max: 3 · Repeat: -

Code specifying type of date or time, or both date and time.

Position: CUR-14 · Element: 373 · Name: Date · Type: Date (DT) · Requirement: Optional · Min: 6 · Max: 6 · Repeat: -

Date (YYMMDD).

Position: CUR-15 · Element: 337 · Name: Time · Type: Time (TM) · Requirement: Optional · Min: 4 · Max: 4 · Repeat: -

Time expressed in 24-hour clock time (HHMM) (Time range: 0000 though 2359).

Position: CUR-16 · Element: 374 · Name: Date/Time Qualifier · Type: Identifier (ID) · Requirement: Conditional · Min: 3 · Max: 3 · Repeat: -

Code specifying type of date or time, or both date and time.

Position: CUR-17 · Element: 373 · Name: Date · Type: Date (DT) · Requirement: Optional · Min: 6 · Max: 6 · Repeat: -

Date (YYMMDD).

Position: CUR-18 · Element: 337 · Name: Time · Type: Time (TM) · Requirement: Optional · Min: 4 · Max: 4 · Repeat: -

Time expressed in 24-hour clock time (HHMM) (Time range: 0000 though 2359).

Position: CUR-19 · Element: 374 · Name: Date/Time Qualifier · Type: Identifier (ID) · Requirement: Conditional · Min: 3 · Max: 3 · Repeat: -

Code specifying type of date or time, or both date and time.

Position: CUR-20 · Element: 373 · Name: Date · Type: Date (DT) · Requirement: Optional · Min: 6 · Max: 6 · Repeat: -

Date (YYMMDD).

Position: CUR-21 · Element: 337 · Name: Time · Type: Time (TM) · Requirement: Optional · Min: 4 · Max: 4 · Repeat: -

Time expressed in 24-hour clock time (HHMM) (Time range: 0000 though 2359).

Figures Appendix

Following is an example detailing the use of the CUR segment.

Monetary values are assumed to be expressed in the currency of the country of the transaction originator unless the optional CUR segment is used to specify a different currency. The CUR segment also permits the transaction originator to indicate a specific exchange rate, foreign exchange location and date/time as the basis for a currency conversion.

Example 1. Assuming the currency of the transaction originator is U.S. dollars, the following CUR segment, when used in the heading area of a transaction, would indicate that all monetary values appearing in the transaction are expressed in Canadian Dollars (CAD). (In this example the exchange rate is at the discretion of the discretion of the receiver).

CUR*BY*CAD N/L

Example 2. Assuming the currency of the transaction originator is U.S. dollars, the following CUR segment, when used in the detail area of a transaction, describes a currency conversion for that particular item from U.S. dollars to Canadian dollars. It also indicates that a specific exchange rate, at a specified foreign exchange location on a given date/time be used as the basis for the currency conversion. Notes below the diagram describe the meaning of the element values.

CUR*BY*USD*1.200*SE*CAD*NYC*007*950401*1400 N/L
                 1        2            3       4

1. Identifies the buyer's (BY) currency as U.S. dollars (USD).
2. The multiplier (1.20) is the exchange rate factor for the conversion.
3. Identifies the seller's (SE) currency as Canadian dollars (CAD).
4. Indicates the basis for the exchange rate as the New York Foreign Exchange (NYC) and the effective date/time (007) as April 1, 1995 (950401) at 2:00 P.M. (1400).

The value for this item is to be converted to Canadian dollars (CAD) at the exchange rate of 1.20, based on the New York Foreign Exchange (NYC) at 2:00 P.M. (1400) on April 1, 1995. The actual unit price conversion for the item would be:

The unit price value 7.50 (U.S. dollars) multiplied by the exchange rate (1.20) equals 9.00 Canadian dollars (7.50 X 1.20 = 9.00). CUR07 through CUR21 provide for five (5) dates/times relating to the currency conversion, i.e., effective date, expiration date, etc.