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Currency

Former Member
0 Kudos

Hello,

How do I decide new currency?

Thanks

RG

Accepted Solutions (1)

Accepted Solutions (1)

Former Member
0 Kudos

Hi RG,

Define a new currency in customizing with transaction OY03.

If you change the current currency a;; of your accounting documents will be re-evaluated by R/3 and this could cause adverse affets to your financials.

Use Transaction.

OY04 - To Assign number of digits to new currency.

OBBS - To define conversion factor for currency conversion

OB08 - To enter exchange rates

XK02 - To assign new currency to vendor master

ME11 - To create a Purchase info record

Created MM documents with new extended prrice

Thanks

Vijji

Former Member
0 Kudos

Apart from the previous question how can I set number of decimal places more than two?

Thanks

RG

Former Member
0 Kudos

RG

Howvwer you notice that accounting documents will still refelect the 2 digit price and rounded to the nearest 1/100 t.

Thanks

Vijji

Answers (2)

Answers (2)

Former Member
0 Kudos

First you should know the business requirement. In case if a new country is formed or if a country changes its currency we will get requirement to create a new currency. It happened in Europe when they started using EUR

regards

Antony

Former Member
0 Kudos

it depends up on the country. based your location belongs to which country. you have to follow the local currency. how you decide the currency?