I am learning to customize SAP FI, particularly the conversion of exchange rates. In this context I have some questions about the using of quotations.
For what purpose will a quotation be defined? Is that only for the SAP system to decide which algorithm will be used for the conversion of the amount?
And for what is there a possibility to define a standard quotation for exchange rates, if I I have to decide for a quotation type, when I am entering a exchange rate, too? Which impact has then the standard quotation?
Thanks for your help.