Why do we need the table TCURF?

[Former Member]

Hi Friends,

Can't we get our currency translation job done without our sweet currency factors table TCURF. Say we want to convert fig's from FROM curr to TO curr at Daily avg rate (M) and we have an exchange rate as 2,642.34. Factors for this currency combination for M in TCURF are say 100,000:1.

Now my question is can't we have an exchange rate of 0.02642 and not at all use the factors from TCURF table?.

I suppose we have to still maintain factors as 1:1 in TCURF table if we are using exchange rate as 0.02642. am I right?. But why is this so?. Can't I get rid off TCURF.

What is the use of TCURF co-existing with TCURR.

Please enlighten me!!

Thanks

Raj

[Former Member]

Normally it's used to allow you a greater precision in calaculations

ie 0.00011 with no factors gives a different result to

0.00111 with factor of 10:1

In your example you will be way out (because of .34 not being included in the calculation)

[Former Member]

Hi Simon,

Thanks for a quick reply.

I understand that Precision is the pretty good reason. But besides this any other reason.

Thanks

Raj

[Former Member]

Being used for converting accounting documents for statutory and legal purposes - I don't think there needs to be any more reasons

[Former Member]

Hi Simon,

So now I can say to whole word what is the use of TCURF existence....am I right!!

Thanks you for sharing the knowledge.

Rgds

Raj