Change the Exchange Rate from monthly average to daily average

[former_member228896]

Hi All,

Appreciate your thoughts on below

Currently exchange rate "M" is used and as you know its a monthly average

However what is the impact if exchange rate "M" is changed to daily average.

Do you see any impact on day to day transaction postings, Controlling Area Reporting , Inventory valuation and any other areas etc, if yes what kind of impact.

Thanks

Sanjai

[iklovski]

Hi,

No technical impact, only functional one. By moving to daily rate, you should expect more accuracy in foreign currency transactions and less postings in exchange rate difference accounts.

Regards,

Eli

[former_member228896]

Thank you Eli.

If the group currency is say USD and company code currency is EUR , how will the group currency reporting be affected by moving to daily rate.

Example - Financial statements (FS) in group currency when run during the month say Jan 10th , 2022, will it take daily rate as on Jan 10th and similarly if we run FS on Jan 11th will it take daily rate and change the group currency values

Similarly other reporting such as - BI/BW do you see any impact .

Appreciate your thoughts.

Thanks

Sanjai Babu