Change of Local Currency from SGD to USD

Hello experts,
Our company local currency is SGD and we have a second local currency in USD but the company wants to change the local currency to USD and the second local currency to SGD.
What is the impact of this and what are the configs and considerations needed?
Thank you.

Hi,
What is the impact of this and what are the configs and considerations needed?
Impact is very severe. Only recommendation is not to perform this excercise for running fiscal year. Let the fiscal year be closed firtst then you move. Please keep following in mind.
1. Change company code currency to USD.
2. Change Account currency of all G/L masters. If not chenged then only SGD will be posted.
3. Make changes to Purchase order currency in vendor master. (if required).
4. Consider controlling are settings. (very difficult)
5. Change parrelel currencies in OB22.
Caution
If you have any forex items, please clear them all or it cause you big trouble.
Regards,
Chintan Joshi.

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https://websmp230.sap-ag.de/sap(bD1lbiZjPTAwMQ==)/bc/bsp/spn/sapnotes/index2.htm?numm=1464666
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Hi,
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[https://websmp130.sap-ag.de/sap(bD1lbiZjPTAwMQ==)/bc/bsp/spn/sapnotes/index2.htm?numm=316222]
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[https://websmp130.sap-ag.de/sap(bD1lbiZjPTAwMQ==)/bc/bsp/spn/sapnotes/index2.htm?numm=120420]
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In Journal Entry can i specify the Foreign currency amount and local currency amount?
I tried the following code it is working fine using DIAPI.
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Solved.
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Change of Local Currency from SGD to USD

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