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May 19, 2010 at 04:03 AM

How does EURO posting work?

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Hello

There is a requirement to post EURO as transaction currency, and we did a trial posting in our test environment. The local currency of the company is AUD.

The system did not pick up M rate like the other currencies do, but picked up EURX rate instead

Looking at the test set up, the EMU indicator was ticked for EURX.

Looking for a general understanding on how this EURX and EMU indicator works?

Does that mean that if the EMU indicator is ticked, any EURO postings will pick up EURX instead of M?

While any non-EURO postings will still pick up M?

And if we untick the EMU indicator, does that mean ALL currency postings, including eur, will pick up M happily ever after?

Thank you

KK