Currency Rates data (T)

Currency Rate is the factor by which an amount in a different currency is multiplied to calculate the amount in the currency base.

The Currency Exchange Rate data is used to generate the outbound fiscal document. It converts amounts to the local currency and allows accounting in other currencies. The Currency rates are generated through CurrencyExchangeRateMaster BODs. In this session, the currency exchange rates are displayed separately according to maintained currency relationships (source currency code and target currency code) from ERP.

It is important that Currencies and Exchange Rate Type data are maintained correctly in the Tax Engine to avoid rejections during program checks between SOR and Tax Engine.