Foreign Currency Vs local currency

[Former Member]

Hi,

IN IMPORT purchase, vendor sent me the quotation in foreign currency so what should be the currency in which PO should be raised?

Also where to maintain the relation between the Local and Foreign currency and which exchange rates are applicable for this, as the exchange rates are not fixed over time period and changes daily?

Best regards,

Ashu

[Former Member · Accepted solution]

Hi

When you make PO, the Document Currency Will be automatically copied from Vendor Master.....So, If you make Import PO to that Foreign Vendor....the system automatically proposes the Currency what you have maintained to your vendor in Vendir Master...

But any way...If you have maintained 1:1 relation ship for both the Import & Local Currencies in OBBS and Coversion facter bet. Import & Local Currencies in OB08.....you wont find any problem....

The system will take care of the conversions..

Reward if useful

Regards

S.Baskaran

[Former Member]

For obbs

For import Po Currancy wili be taken for Vendor master, so the po should be in Vendor currancy ie forigen currency

if sap their are two ways of taking exchange rate

take the exchang rate form PO for GR and IR (this u can do by seeting tick for fix field in heard near exchange rate)

or if above tick is not set exchange rate will be taken from obbs, take the exchange rate for OBBS setting for GR and IR , irrespective of PO exchange rate.

u will have to change the OBBS rate manually as per ur client policy .

hope this is clear

reward accordingly for better ans

[Former Member]

Hi,

You can put in the current exchange rate in the header data of PO in Delivery/Invoice tab. Youc an also mention the currency there.

Regards

Manav