Fixed rate indicator flag in transaction OC47

Hi,
There is a flag which can be used when we maintain exchange rate types in IMG or transaction OC47.
2) Fixed rate indicator flag : Exchange rate type useS fixed exchange rates (field XFIXD in table TCURV)
What is the functionality behind this flag ?
Note: I have gone through SAP documentation but it is not very clear...
Regards,
Rajesh.

Hi......
Instead of calculating the exchange rate the system takes a fixed amount while you enter the currency in any transaction.
SAP Documentation is something like this:
Indicator: Exchange rate type uses fixed exchange rates
    Describes an exchange rate type that works with fixed exchange rates.
    Exchange rate fixing affects the application if exchange rates are to be
    calculated from currency amounts you have entered. In this case, the
    system may continue processing using the fixed exchange rate instead of
    the exchange rate calculated. If exchange rates other than the fixed
    exchange rates are used, the system displays warning messages or error
    messages.
Example
    1. As from 01.01.1999, the currencies of the Member States of
       European Monetary Union are fixed.
    2. If the exchange rate type is G (which functions as the bank buying
       rate to the average rate M) and this indicator is set, one fixed
       exchange rate only is used.
Award points if useful
Thanks
Aravind
Message was edited by:
        A.Aravind

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