Activities and Exchange Rates

Hi Everyone,

We recently began using Fx within SAP and have found some issues relating to the exchange rate used in activites. Currently, it seems that the exchange rate type used is our planning type along with the value date of 01/01/07. When posting units/hours to an activity, the amount in GBP (comp code curr) is translating to USD (Co currency) at the "P" rate rather than our "M" rate which is used for actuals. Does this deal with our version 0 which is used for both actuals and plan? When reviewing OKEQ for 2007, I noticed that the "Planning" tab within "Settings for Each Fiscal Year" had Exchange Rate Type = P and a Value Date of 01/01/2007 which would make sense to me because that is within the "Planning" tab. Then reviewing the "Price Calculation" tab, I found that the "Plan Method" is "Average Price", "Actual Methods" is set to "Cumulative Price" and "Revaluation" is set to "Do Not Revalue". What can be done so that when posting activities, the amount in GBP would be translated to USD by way of the M rate based upon the posting date?

Thanks,

Pete