Customizing FI: exchange rates

[Former Member]

Hello,

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.

Regards,

Tobias

[Former Member]

Hi Tobias,

Q: 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?

A: Yes

Q: 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?

A: This possibility helps you to choose between quotation types. The best solution is to choose the type of quotation, which is used by your bank, which provides the exchange date data to you.

Regards,

Attila

[Former Member]

Hello Attila,

thank your very much for your answer.

But it`s still not clear to me which impact the possibilty of defining standard quotations has. For example, I have defined indirect quotation as standard for JPY->USD in the table TCURN. Then I am entering the exchange rate for JPY->USD (Transaction: OB08). In this context I choose a direct quotation. Which quotation will then be used by the system for the conversion?

Regards,

Tobias