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SIMG_CFMENUORKSOB08 - Define Exchange Rates

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Exchange rates for currency translations are used by multiple application components.

For actual and plan postings, they are used, for example, to:

• Translate foreign currency amounts when posting or clearing

• Check a manually entered exchange rate

• Determine the profit and loss from exchange rate differences

• Valuate open items in foreign currency

• Valuate the foreign currency balance sheet accounts

• Determine the amount in controlling area currency when you are working with various controlling area currencies

Exchange rates are stored according to time; the rates are valid as of the specified date.

When defining exchange rates in Cost Center Accounting, you need to consult Financial Accounting.

The system uses exchange rates stored under exchange rate type "M" for currency translations when posting and clearing actual transaction data. These exchange rates are valid for all company codes.

For planning data, the system uses the exchange rate type specified in the planning category. This exchange rate type indicates average exchange rates that can be used for future data. The standard exchange rate type for this is "P".

To use a custom exchange rate type, you must create it first.

The exchange rate ratios for currency translation are only displayed here. To use other exchange rate ratios, you must define them first.

In the standard SAP system, exchange rates are set as examples with exchange rate type "M".

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This documentation is copyright by SAP AG.

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