How to maintain different exchange rates for the same currency?

[altaz]

Dear all,

The group in which we are implementing S/4H Cloud is currently charging exchange rates from the European Central Bank for the exchange rate type "M".

But, we are going to roll out Turkey and Emirates, and for those countries, one of the legal requirement is to charge exchange rates from their National central bank.

How could we solve this issue in the Cloud?

Thank you in advance,

regards

Laure Altazin

[Cristiane_Lutz · Accepted solution]

Hi Laure,

you can use the App Currency Exchange Rates (App IDF3616) in the Accounting and Financial Close (J58) Scope Item. With this app you can:

* Create and delete exchange rates

* Indicate validity periods for specific rates

* View all active exchange rates

* Copy and modify existing exchange rates

* Perform amount conversions within the app using QuickCalculate

* View the exchange rate trend for a currency pair over the last 7 days, 30days, or 12 months

Or you can use the App Import Foreign Exchange Rates (App IDF2092), With this app, you can:

* Import foreign exchange rates from an excel file.

* Download the template and edit it with the most up-to-date foreign exchange rates data.

Best Regards,

Cristiane

[Vivek0459 · Accepted solution]

is there any api available which can update this exchange rate in background automatically ?

[Lucian · Accepted solution]

Hi Vivek,

yes there are options to automate the process.

Please check scope item https://rapid.sap.com/bp/#/browse/scopeitems/1S4 Automatic Market Rates Management

there is a video in the product page :

https://www.sap.com/products/cloud-platform/capabilities/enterprise-extensions.market-rates-manageme...

where ECB is used as data source .

Request Current Market Data can be scheduled as background job if this is needed.

Regards,

Lucian

[altaz]

Hi Cristiane,

Thank you for your answer, I have already used both applications but my problem is how to deal with 2 exchanges rates (one from the ECB and one from the Turkish National Bank) for the same currency?

Kind regards

Laure

[Nadja_Medeiros]

Hi Laure,

You need to create a new exchange rate type SSCUI 102349.

KR

[br_jiang]

Thank you for your help.

[former_member132363]

Have a look at this for some reference on this topic: https://answers.sap.com/questions/13242561/view.html

[View Article](https://answers.sap.com/questions/13242824/view.html)

I hope this answered your question! If it did, please mark it as the 'Best Answer' so I can continue learning and answering questions in the community.

[altaz]

Hi Edmin,

Thank you for your answer but unfortunately, it does not solve my problem.

The link you sent me is to automate the upload of exchange rates using API

My problem is how to deal with the fact that for the same currency, they need to upload exchange rates from the ECB and from Turkish National Bank.

Thank you again,

Regards

Laure

[Former Member]

Hi Laure,

I got the same issue with rates issued by ECB and by Romanian Authorities.

We Need to create another Exchange rate type, e.g. ZRO1, and assign it to a valuation area. The Exchange rate are maintained as described above. That valuation area can be selected in the app perform foreing currency valuation.

That is the info I got from the incident Support. I have not done it myself but will do it very shortly.

Kind Regards,

Wolf

[former_member611236]

U could create a new Exchange rate type. Assign this to the document types in Configuration, If required create separate document types and assign this new Exchange rate type,