New Exchange rate type

[Former Member]

Hi

When do we need to propose a new exchange rate type.

We have around100 company codes using M rate but all these comapanies have USD as local currency 1(Company Code Currency), CAD as local currency 2 (Controlling area Currency) and Country currency as local currency 3 (Hard Currency)

Now We are doing a new implementation and they want Country currency as local currency 1 (Company Code Currency) and CAD as local currecy 2 and USD as local currency 3 (Hard Currency)

In this case can we propose to have a new exchange rate type?

Please let me know the possible ways to propose new exchange rate type.

Will award good points

Thanks

Kum

[former_member183879]

This message was moderated.

[Former Member]

HI,

which problem do you want to solve using a new ex.rate type?

I don't think the 101st comp. code needs different exchange rates from the other 100 comp.codes, no matter if the 1st / 3rd comp. code currency is different or not.

So again, what kind of problem do you want to solve with a new ex.rate type?

Best regards, Christian

[Former Member]

You can create new exchange rate type in OB07.

You can mention exchange rate type in document type also. I am mentioning end to end foreign currency transaction.

Relevant Customizing for FC Valuation in SPRO -> OB59 & OBA1.

1. Use Tcode OB07 to configure the Exchange rate type,

say B - Bank selling, G - Bank buying & M Average rate.

2. Use Tcode OBBS to maintain a translation ratio for the 2 currency which you want to create, say USD : INR.

Here you will find direct quotation & indirect quotation according to your requirement you need to maintain.

3. Use Tcode OB08 to maintain the Exchange rate, validity period of that exchange rate.

To record the profit & loss gained through the difference in exchange rate, you can do that through the following steps

1.Use Tcode OB59 to configure valuation method, in the screen check the check box valuate all the time & do the remaining settings.

2. create 2 G/L a/c 1 to record profit & other to record loss incurred through exchange rate, that should be auto posting.

3. Use Tcode OBA1 to assign those G/L to automatic posting.

Give your chart of account and 2 G/L you have created.

4. Next use Tcode F.05 to execute the Forex Run.

Thanks,

Vishal Pant