Foreign currency exchange rate and indexes

hi! anybody could help me what is the purpose of indexes and how it differs with exchange rate..
thanks,
kathy

Hi,
Check this about Indexes :
http://help.sap.com/saphelp_sbo2007a/helpdata/en/4b/4b867a17954b459649c8a46c739879/frameset.htm
Check if this EES on Exchange Rate helps you
https://websmp201.sap-ag.de/~sapidb/011000358700000141342007E/Exchange_Rate_16_2_07.pdf
Regards,
Jitin

Similar Messages

To maintain foreign currency exchange rates

Hi,
Please help me with this scenario.
I want to maintain foreign currency exchange rates.Kindly tell me the process to maintain these rates. and also please tell me that is their any feasibility to maintain exchange rates on daily basis.
Regards,
Pavani reddy

Hello,
you can also use currency worklists in order to maintain exchange rates on daily basis. In order to enable this functionality you have to maintain the following configuration:
1) Define Currency Worklist using the following path: SAP Netweaver - General Setting - Currencies - Define Worklist for Exchange Rate Entry (specify the name of the worklist, short description and maintenance interval);
- assign exchange rate to the worklist using the following path: SAP Netweaver - General Setting - Currencies
2) Assign Exchange Rate to the Worklist (please specify your exchange rate type, from and to currencies, the name of the worklist previously created as well as quotation type).
3) In order to maintain exchange rates you will have to use t-code TCURMNT (you can also find this transaction under standard SAP Menu (Fin. Accounting - GL - Environment - Current Settings - Enter Exchange Rates using a Worklist).
In my opinion, this t-code is more user-friendly than the standard OB08. But it's now up to you to decide whichever to use.
Best regards,
The Wirtschaftsmann

UDF for Exchange Rates and Indexes window

It would be great to have an additional field in the Exchange Rates and Indexes window for every currency to store string title of the exchange rate table from a national bank. It could be also satisfied by allowing to create an UDF for this window. In Poland this is a tax law requirement.

Hi,
Kindly check if your issue relates to Note No. : [1088683|https://websmp130.sap-ag.de/sap(bD1odSZjPTAwMQ==)/bc/bsp/spn/sapnotes/index2.htm?numm=1088683] or not.
Kind Regards,
Jitin
SAP Business One Forum Team

Ceartion of User Defined Field in EXCHANGE RATE AND INDEXES

Hi Experts,
I want to create User Defined Field in EXCHANGE RATE AND INDEXES.But while creating the UDF from User Defined Field-Management unable to find the table for it.Write now My Client are using SAP B1 2007 Ptach-08.Is there any way out to create user defined field in EXCHANGE RATE AND INDEXES.
Plz help me out on this issue.
with regards,
Pankaj K and Kamlesh N

Pankaj,
When you do the Manage User Fields area to define a UDF, all the possible areas where UDF's can be created in B1 is listed. You would be able to create UDF's only on these.
Suda

Maintain foreign currency Exchange rates

HI Sap Experts,
Maintain foreign currency Exchange rates , whether it is month end activity or year end activity.
for this what is the t/code what are the parameters are need to be given.
Regards,
Prabhakar

Prabhu,
At the very minimum, this is monthly activity ... however, if the company has large volume of transactions in foreign currency, then these rates are typically maintained on daily basis.
You can maintain exchange rates for relevant currency pairs using T. Code S_BCE_68000174. Corresponding configuration tasks are in IMG under NetWeaver General Settings.
HTH,
Manish Patel
Sr. SAP Solutions Consultant

Gain or loss due to foreign currency exchange rate in Travel Management

Hi Experts,
I am facing some issues in foreign currency surrender in Travel Management.
Example:-
An employee goes on a foreign trip in which he takes advance in USD. After returning from the trip, if any USD balance is there then he returns it to company. If the exchange rate falls or increased, then company books it as gain or loss to comany. How the same can be handled in Travel Expense Report. Below is an example of the same.
USD
Exchange Rate
INR
Advance taken
550
65
35750
Expenses claimed
500
65
32500
Difference
50
65
3250
But Returned to company in less exchange rate
50
60
3000
Loss on Exchange
250
Regards,
Daniel

HI Sigi,
The problem is, during a International trip. While taking the advance, the exchange rate of USD is something & while returning or excess expenditure the exchange rate is different. Because the posting to be done in INR & the expenses are adjusted against the advance.
But when there is a change in the exchange rate then the whole advance is not adjusted. SO to adjust the same the balance amount to be adjusted as gain or loss to the company a/c.
Regards,
Daniel

Foreign Currency Exchange Rate with E-Comerce Apps

I'm making a web site for one of my clients so his clients will have access to his inventory and products and they'll be able to add Sales Orders from the web site to SAP.
The problem I have happends only in days were the exchange rates are not updated, lets say sunday for example and this company have a client in Israel that works sunday and he wants to place an order, the DI stops the process and gives me the same error I get from sap: Error #-10: Exchange rate not updated , 'USD'.
What I would like to know if anyone have any recomendations or best practices to work with this problem?

I would try to fill the exchange rates on
SQL query that is linked to a daily basis.
Lets say you update exchange rate every day - at 00:01
You could retreive rates from online bank rates OR
copy the rate from the day before.
Lets say Saturday And Sunday gets rate from friday - which is updated by the company employee. On monday the rates can be revised by employee if needed.
Hope this would help. I would be glad if you could help me do the same e-commerce - for our internal partner website - we would like to have product catalog which customer could register online.
Please help - on how to step on this developer challange.
I'm not a good java or .net developer so give me som tips.
Let me know - If you need some help with SQL code example to do this formatted search SQL that you link in the alert management routine. It will work in the background and the Exchange Rate table will be updated automatically.
Thanks.
G.P.
Message was edited by: Geir Parlati
Message was edited by: Geir Parlati

Account determination - exchange rate and valuation

Hello All,
we have a problem concerning our account determination for differences in exchange rate and valuation. When clearing open vendor items in foreign currency, a percentage of the difference goes to our exchange rate difference account (correct), but the other part of our difference goes to the account we have configured for valuation (incorrect).
Before, we had, in "Account Determination for OI Exch.rate differences" (transaction FBKP) , the following configuration for all our accounts in foreign currency:
Exchange rate difference realized:
Loss: 66800000
Gain: 76800000
Valuation
Val Loss: 66800100
Val Gain: 13600000
Bal sheet adj: 40099999
Now, we have the same accounts,except for "Bal sheet adj", for which we have 5 different accounts depending on the account to be valued. This change shouldn't have any effect, but since then, every time we clear an open item (KR and KZ), one part of the difference goes to an exchange rate difference account, while another part goes to valuation, when this last account should only be used when running F.05.
Any help?
thanks
Daniel

Asha,
Revaluation is a 2 step process - In the first step, the documents entered in FC are converted into LC and then in the second step all the LC is converted into GC using the GAAP/Quarterly Rate.
During the first step, the difference is posted to a P/L Account and during the second step, the difference is posted to a B/S Account.
Coming to the open item clearing getting posted to the same accont defined in the step 1 - I would ask how are you doing the open item clearing ?
If it's manual through F-44, then i would say the accounts you are mentioning during clearing are wrong.
If it's through Payment Run, You would have to go FBZP -> Bank Selection and then check the g/l accounts mentioned over there.
Hope it helps..
Thanks,
Nandita

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

Different currency exchange rate at time of sales order and invoicing

Hi Friends,
Actually,we are facing a crucial problem in Export where we would like to have the current currency exchange rate to be applicable both at excise and commercial invoice.
Regards,
Praveen

Hi Ankur,
Thanks for your reply.But our problem is sales order,exchange rates are defined with M type in OB08 as u have said.However when the periods are different for order entry and invoice generation we are facing the following problem.Orders are at old exchange rates and excise invoice is getting generated at current exchange rate.This is resulting in value difference between commercial invoice and excise invoice.
Please help.
Regards,
Praveen

About foreign currency exchange difference when do MIRO

Dear all,
There's a purchase order with foreign currency, for the currency rate floated every month, if we do MIRO in the next month after we do GR, there's foreign currency exchange difference happened,
the problem is if the mat'l code with stand price control, in OBYC, I set the transaction KDM with account determination:exchange difference, then I do MIRO, it's ok, the currency exchange diff goes into the right account(exchange difference),
but if the mat'l code with price control V, when do MIRO, the currency exchange difference goes into the inventory account automatically, seems not determined by the setting of OBYC KDM,
so what can I do,?
Appreciate your kind reply in advance.
Rgds

Hi Kathy Wan,
Try the SAP Note No:980402.For me it worked only for material price with Moving Average price.
Still We are analysing to get for Accout assignment purchase order and service purchase order.
If you got complete your requirement ,Please let me know.
Thank and Regards,
Rajesh

OB08 currency exchange rates actually used in system

Hello All,
We are currently in the process of evaluating vendors for a daily FX rate upload. During the vendor evaluation process, we realized that upwards of 650 cross rates are entered into the system on a monthly basis and the team uploading the rates are not sure all are being used. Since the daily FX upload is priced per exchange rate that is passed we'd like to make sure all of the current exchange rates maintained in OB08 are actually being used in the system. Does anyone have ideas on how to obtain what currency exchange rates are actually used. We're hoping to reduce our number of cross rates passed in the daily feed by elimating the exchange rates that are not used but I'm not sure how to find that out. Thanks in advance for the help.
Cheers,
Jordan

You could download all entries in table BKPF and derive unique values in currency key (WAERS). Those are the foreign currencies that you are using in your system. You need exchange rates between those currencies and your local currency/group currency and also between your local currency and group currency.

Currency exchange rate differences in rebate agreement settlements

Hi Experts,
My customer has issue in Rebate agreements and final settlements.
ISSUE:
Rebate agreement currency is EUR
Billing document currency is EUR
Company code currency is SEK
Initially ( Before final settlement)
The accrual amount in sales volumen 3151.05 EUR
the accrual amount in drill down 3152.05 EUR
After Final settlement
The accrual amount in sales volumen 2.62 EUR
the accrual amount in drill down 3152.05 EUR
The accounting documents shows after final settlement
customer A/c 3151.98 EUR credit
Expenses A/C 3151.98 EUR debit
Accrual A/c 3149.43 EUR debit
Expenses A/C 3149.43 EUR credit
The difference of 2.55 EUR is due to currency differences.
there is no retrospective rabte processing .
Kindly give your expertise resolve the issue of currency exchange rate difference in customer currency.
Immediate response is highly appriciated
Thanking you
With regards
Murali
Message was edited by:
Murali Krishna Lanka
Message was edited by:
Murali Krishna Lanka

HiI
f you set this selection field then the settings in the ERD Setting column for this currency type are no longer relevant. The system calculates and posts exchange rate differences between order-related goods receipts and invoices not just for materials with standard price, but also for:
Materials with moving average price
Account-assigned transactions
Planned delivery costs
The valuation of the inventories or consumption is effectively done at the exchange rate for the goods receipt, and not at the exchange rate of the invoice. When you post the good receipts, the fixed exchange rate from the purchase order is not used, but the translation of the purchase order values to local currency is always done at the posting date of the goods receipt.
If you are using the material ledger with actual costing, the system does not include the posted exchange rate differences at period-end closing in the actual prices of the materials.
Regards
Antony

Currency exchange rate

I, have a question regarding the Currency exchange rate.
We have a total of 20 -25 different local currency data records in R/3.
In BW reprot we need to convert all these local currency to CDN.
Can anyone suggest me how to do it and anylinks that would help me, please help me as i am new to BW.
thanks
SAM

You can set the translation directly in the query and BW calulates the conversion at runtime. Obvious you must specify the type of exchange rate, the date of reference, and so on...
In the BEx Analyzer, there are two possibilities for handling different currencies :
1 Definition of a currency translation per key figure in the query definition
2 Ad hoc currency translation in the Workbook (after having executed the query)
You can find here some info:
http://help.sap.com/saphelp_nw04/helpdata/en/80/1a682de07211d2acb80000e829fbfe/content.htm
https://www.sdn.sap.com/irj/sdn/advancedsearch?searchpluginname=sdn_library_adv
Here you can find the following:
https://www.sdn.sap.com/irj/servlet/prt/portal/prtroot/docs/library/uuid/287bab90-0201-0010-f48e-cc55b0cd13d0
https://www.sdn.sap.com/irj/servlet/prt/portal/prtroot/docs/library/uuid/e473ab90-0201-0010-22ac-fdd925cac167
Hope this helps...

Package/class which gives currency exchange rates

Is there any package /class in Java which gives the current currency exchange rate ? If not how can this be achieved?

you'll have to find an online provider of that information and write code
to subscribe to the information. Up to the minute rates will probably cost you as well.

Foreign currency exchange rate and indexes

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