Base currency for conversion

The base currency for conversion depends on the currency system after internal currency initialization, as follows:

• Conversion to standard multicurrency system

  For monetary fields, either the local home currency or the transaction currency is the base currency for the conversion. Based on the translation method settings by reporting home currency, either the amounts in the local home currency are converted into amounts in the new reporting home currencies, or the transaction amounts are directly translated into amounts in the new reporting home currencies. These translation method settings are specific for the standard multicurrency system.

  When Operation Management tables, Integration Transactions (tfgld482), or FAM tables in Financials are converted, reporting amounts and rates are directly translated from the transaction currency.

  Note If the local home currency is changed, the amounts in the local home currency, rather than the amounts in the transaction currency, are converted into amounts in the new local home currency.

• Conversion to dependent multicurrency system

  The local home currency is the base currency for the conversion. The amounts in the local home currency are converted into the reference currency. After that the amounts in the reference currency are calculated in the other new home currencies.

  Important! If the CRI conversion includes a change of the reference currency that does not match the local currency, reconciliation of intercompany accounts for existing data will only be possible in the transaction currency, because translation is based on the amounts in the (previous) local home currency.

• Conversion to independent multicurrency system
  The transaction currency is the base currency for the conversion. The amounts in the transaction currencies are converted into the new currencies. However, if the local home currency is changed, the amounts in the local home currency, rather than the amounts in the transaction currency, are converted into the new local home currency.
• Conversion to single currency system
  The local home currency, which is also the reference currency, is the base currency for the conversion. The amounts in the local home currency are converted into the new currencies.