To do this, go to the Manage Your Solution app and go to Configure Your Solution → Finance → General Settings → Currencies → Check Exchange Rate Types (ID: 102349).Ĭreate a new exchange rate type as shown here: We need to create a new exchange rate type and understand its settings. Let us start with the new exchange rate type: We need to change the default exchange rate type used in the currency type for the calculation of the Group Currency.We need to assign the new exchange rate type to all the exchange rate pairs where we want to use the new rate type.We need a new exchange rate type that can be used instead of the standard rate “M” and look at the settings for reference currency and inverted rates.There are several configuration settings we need to look at: In our example we assume that we want to ensure that the exchange rate used in a Hungarian company will be the exchange rate published by the Hungarian National Bank (Magyar Nemzeti Bank).
Bloomberg currency converter eur to usd how to#
I will show you how to set this up on S/4HANA Cloud with an example. In SAP S/4HANA Cloud, there are specific configuration settings you can make to ensure that in some company codes the exchange rates provided by the national bank are used for calculating the value in the company code currency. However, often you use a central data provider for the exchange rates, such as Bloomberg or Reuters, and these rates may not be exactly the same rates as the national bank uses. In some countries you are obliged to use the exchange rates published by the national bank for legal or VAT reporting when the transactional amounts are in foreign currencies.
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