Paying in a different currency using Curr. Code (Equivalent Value)

  • 29.05.2026
  • 6 Minuten Lesedauer

International payment scenarios sometimes require the bank to execute a payment in a currency that differs from the currency used in Business Central. To support this, Continia Banking provides the Curr. Code (Equivalent Value) field, which lets you instruct the bank to execute the payment in a currency other than the one used for posting and on the bank account.

This article explains how the field works for vendors, but the same functionality is available for customers and employees.

When to use this functionality

Use the Curr. Code (Equivalent Value) field when the invoice currency in Business Central differs from the currency the recipient should be paid in. You can typically use it for payments that are posted in a single currency (for example, DKK), but the bank must convert and pay the amount in another currency (for example, USD). Using the Curr. Code (Equivalent Value) field reduces manual exchange handling and avoids exchange rate differences caused by rate fluctuations.

Use the field when:

  • You post in a single currency (for example, DKK)
  • The recipient must be paid in another currency (for example, USD)
  • You want the bank to handle currency conversion instead of Business Central, for example to:
    • Apply the most up-to-date exchange rate at execution time
    • Avoid maintaining and updating exchange rates throughout the day
    • Reduce exchange rate differences caused by timing and fluctuations.

How this differs from standard behavior

There are different currency scenarios to be aware of when issuing payments in Business Central. It's important to understand which one applies to your situation, because Use Curr. Code (Equivalent Value) functionality addresses only one of them.

  • Paying any currency from a local currency (LCY) bank account. This is possible in standard Business Central. If your bank account is in LCY, you can send payments in any currency, and Business Central handles the conversion automatically. No special configuration is required.
  • Decoupling the Business Central payment currency from the bank's execution currency. This is what the Use Curr. Code (Equivalent Value) field enables, and it's the focus of this article. The payment is recorded in one currency in Business Central, but the bank is instructed to execute it in another.
  • Issuing payments in any currency from a fixed-currency bank account. In standard Business Central, a bank account with a currency code (for example, USD) can only be used for payments in that same currency. A separate multi-currency bank account feature removes this restriction, allowing a USD bank account to issue payments in any currency.

In short, the Curr. Code (Equivalent Value) field doesn't change the standard rules about which currencies a bank account can be used for. Instead, it adds a bank-level instruction that controls the currency used during payment execution.

How it works

When you enable this functionality, the Curr. Code (Equivalent Value) is defined on the Vendor Card and automatically flows through the entire purchase and payment process. This includes:

  • Purchase documents
  • Posted documents
  • Vendor Ledger Entries
  • Payment suggestions
  • Payment journals
  • Payment entries used for export

You can override the value on a purchase document when needed.

When you export a payment file, the value is included and mapped to the relevant pain.001 element (CurrencyOfTransfer). This ensures that the bank executes the payment in the specified currency.

To ensure correct processing, payment suggestions group payments by the Curr. Code (Equivalent Value) when the field contains the same currency code.

To enable the Curr. Code (Equivalent Value) field

The Curr. Code (Equivalent Value) field is hidden by default. Enable it when you need to instruct the bank to pay a vendor in a currency different from the one used in Business Central.

To enable the field:

  1. Search (Search) for and select Banking Export Setup.
  2. On the Payment FastTab, turn on the Use Curr. Code (Equivalent Value) toggle.

The field then becomes available on the Vendor Card, on purchase documents (including posted ones), in the Payment Journal, and on the Payment Suggestion card. On each of these pages, Curr. Code (Equivalent Value) specifies the currency the vendor receives, as instructed in the exported payment file.