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author's profile photo Former Member
Former Member

Why do we need the table TCURF?

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

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  • author's profile photo Former Member
    Former Member
    Posted on Oct 24, 2006 at 08:49 AM

    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)

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