Currency Exchange rate maintenance

Hi all FI Master,
My local currency is in GBP. I maintain foreign currency exchange rate like USD to GBP, SGD to GBP and so on. My question is do I need to maintain the exchange rate in the other way round (like GBP to USD)?
Secondly, if my vendor bill me is foreign currency USD, and I pay in foreign curr SGD, do I need to maintain the exchange rate from SGD to USD?
Thank you.

Hi Cire,
       The Answer depends on your settings for the Exchange rate type
(SPRO > General Settings > Currencies > Check exchange rate types)
   1)    No if  Invert flag is set for the exchange rate type.
          Yes if flag is not set.
   2)    No if you have specified GBP as the Ref.crcy.
          Yes if no Ref.Crcy is specified.
Kind regards

Similar Messages

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    Message was edited by:
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