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InterviewSolution
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How do you manage relationship between two currencies in SAP FI? |
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Answer» Exchange Rates are used to define relationship between two currencies and also to maintain exchange rates are used to translate an amount into another currency. You define exchange rates in the system for the following purposes − Posting and Clearing To translate amounts posted or cleared in foreign currency, or to check a manually entered exchange rate during posting or clearing. Exchange Rate Differences To determine gains or losses from exchange rate differences. Foreign Currency Valuation To valuate open items in foreign currency and foreign currency balance sheet accounts as part of the closing operations. |
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