Professional Documents
Culture Documents
5 - Foreign Currency Setting 11
5 - Foreign Currency Setting 11
Contents
Define translation ratios for currency translation ......1
Maintain Exchange Rate Table .....................................2
Direct Quotation ............................................................3
Indirect Quotation .........................................................3
Post an Invoice in foreign currency ............................3
Foreign Currency Setting
Define translation ratios for currency translation
Description
In this step we define translation rate (e.g. 1:1) which will in exchange rate table.
Procedure
Use below Transaction code:
Implementation
Description
In this step we maintain exchange rate table where with currency rate.
Procedure
Use below transaction code:
Implementation
Note :Exchange rate table can be maintained in two way (expained below)
Direct Quotation
As per direct quotation one unit of foreign currency shows the total value of local currency
e.g. 1 USD = 50 INR
Indirect Quotation
As per indirect quotation one unit of local currency shows the total value of foreign
currency
Save it.
Click on and the same tracsaction value has been converted in local
currency.