Feature Overview
Ripple allows you to apply exchange rates at the following levels:
Exchange Rate Setting Units:
AWS
Per Payer Account
Per Billing Group
Common Exchange Rate
Azure
Per MPN ID
Per Billing Group
Common Exchange Rate
GCP
Per Billing Account
Per Billing Group
Common Exchange Rate
Payer Account, MPN ID, Billing Account
All registered payer accounts in Ripple are displayed in a list. You can register the same exchange rate for all payer accounts at once by clicking Set All in the top right.
For Azure, settings can be made per MPN ID. Each month, the exchange rate used by Microsoft is automatically registered during aggregation. If you wish to change it, switch the Cloud Provider to Azure and enter your desired exchange rate.
Billing Group
You can also change exchange rates at the billing group level.
If you're applying different exchange rates for each customer, you can apply individual rates in the billing group's exchange rate settings.
Common Exchange Rate
The common exchange rate is used when you want to set a different exchange rate for items like support fees or agency fees that are separate from the payer account.
Please note that the exchange rate displayed on invoices uses the common exchange rate. This rate applies to fees other than those calculated per payer account.
If you want to apply a separate exchange rate specifically for support fees, you must enable account-based support plan in the billing group's invoice settings. This will ensure that support fees are calculated on an account-by-account basis.
How to Configure
To register a common exchange rate for all payer accounts:
From the left menu, go to Exchange Rates > Payer Level, then click Set All.
The exchange rate registration screen will appear.
Enter the exchange rate and click Submit.
To select specific payer accounts and register an exchange rate:
From the Ripple left menu, go to Exchange Rates > Payer Level.
Select and check the box(es) for the individual payer account(s) whose exchange rates you want to update.
Click Set for Selected at the top right.
Register the exchange rate and click Submit.
To register Billing Group Level exchange rate:
From the left menu, go to Exchange Rate > Billing Group Level.
Click Set All at the top right.
The exchange rate registration screen will appear.
Enter the exchange rate and click Submit.
Note: If you want to use exchange rates at the billing group level, the rate must be set at the time of the billing group creation.
To register a Common exchange rate:
From the left menu, go to Exchange Rate > Common.
Click the ... to the right of the billing month > Edit exchange rate.
Clicking this will display the exchange rate registration screen.
Enter the exchange rate and click Register.
You can also change the vendor and month during register.
Usage Scenarios and Configuration Examples
For example, when you want to use one exchange rate for standard cloud service usage fees, and a different rate for the adjusting entries items:
Example:
Exchange rate for cloud services are usually set at 1.5, while support fees and marketplace items are set at 1.35.
From Exchange Rate > Payer Level, register 1.5 as the exchange rate for the relevant payer account.
Invoices > Invoice Management select the billing group(s) under the specific Payer, then click the Edit Settings button in the top right. From Common Exchange Rate Settings, change the exchange rate to 1.35.
Create the invoice.
Important Notes:
You cannot create an invoice unless both the exchange rate for all payer accounts and the common exchange rate are registered. (This is to prevent invoice creation without a registered exchange rate.
The exchange rate shown on the generated invoice is the Common Exchange Rate.
If you want to use billing group-specific exchange rates, you must select Billing Group as the exchange rate type during billing group creation.