Conversion Factor

[Former Member]

Hi experts,

Do we need to maintain conversion factors for all currency pairs in the system ? Or is it enough to have it for the reference currency ?

Actually we have an issue when translating from XAF to USD, the system requires a conversion factor for this pair whereas we have defined a reference currency (CHF) and the factors for XAF/CHF and USD/CHF.

Any clue ?

Best rgds

Sary Lock

[former_member807935]

Hi Sary,

For Conversion from CHF to USD, follow these steps

1)OBBS(create a new entry and maintain currency translation ratio i.e,1:1 ratio)

2)OB08(To maintain the exchange rates as i mentioned below)

3) Finally transfer global settings so that these changes can be effected to TCURR table.

Thanks & Regards

Jaya kumar

[Former Member]

Hi Jaya,

Thanks for your reply. Well actually my question was about the necessary to maintain a conversion factors for all combination of currencies or only for the reference currency.

In fact, we have defined an exchange rate type with a reference currency which is CHF. In our report we'd like to convert the local currency XAF to USD. The system does it via the reference currency; XAF to CHF then CHF to USD.

In such case, do we absolutely need to have the conversion factor for XAF to USD (1:1)? or is it enough to have factors for XAF to CHF and CHF to USD ?

Thank in advance & rgds

Sary

[former_member807935]

Yes....we need to maintain the conversion factor based on the factor the exchange rates gonna work.

[Former Member]

Thanks.