To check the current term, go to onRecord> Performance> Grading> Generate Academic Performance and the term that the term filter defaults to is the current term.
If you forgot to generate performance and performance is based on a grade average then you can run the Grading Report: GPA Term Ranking. (onRecord > Dashboard > Reports)
1. Select Grading Reports
2. Run the GPA Term Ranking Report
3. Select the relevant filters. Formula in this report means Grade Average.