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Direct and Indirect Exchange rates

Jun 14, 2017 at 08:09 PM

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Sivaram Bandaru

ONOT: Defined CAD: MXN, MXN : CAD, USD: MXN and USD: CAD as direct Quote. OB08: Maintained rates for USD: MXN and USD: CAD.

Later I started posting JE with MXN as local currency and CAD as document currency. My expectation is system will use USD as an intermediary currency to determine rate between CAD and MXN. However system is looking for a rate between MXN and CAD directly. I get same error even when I use indirect quote. How can system determine rate between MXN and CAD using USD as intermediary?

Thanks!

FIN (Finance)
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Gustavo Vazquez Answered Jun 15, 2017 at 12:45 PM
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Hi Sivaram,

That config is only valid if you setup exchange rate in OB07 to use USD as a ref currency. This is the scenario setup in Euro Currency Conversion (ECC).

Create an Ex Rate Type in OB07 which uses ECC and has got USD as currency.

Add an Alternative Ex Curr Rate type in OBBS for the currency pair

In the new Ex rate type enter exchange rate for CAD -> USD , MXN -> USD .

Kind Regards

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