Set up automatically Currency/rate in FB01 transaction

Hi friends,
Let me know if someone can help me.
I would like to set up automatically currency/rate field (BKPF-WAERS) in FB01 transaction, I mean, when the user entries on the transation automatically this field should be set up.
Thanks
Daniel Dorta

Hello,
Now you have three options for currency.
Go to FB00
"Default Document Currency" area
Local Currency
Last document currency used
None
If you select none - no default currency gets filled in FB00
Note that this is only for currency.
If you want to put an exchange rate, then it needs to be ENTERED MANUALLY. Not automatically picked up from OB08. There may be difference between OB08 and ENTERED MANUALLY, then the system issue a warning message.
Hope this solves your issue.
Regards,
Ravi
Edited by: Ravi Sankar Venna on May 19, 2009 4:32 PM

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Srirama,
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Hello Ramsus,
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SetCurrencyRate Method
Sets the exchange rate for a specified date and currency in the company database
Public Sub SetCurrencyRate( _
 ByVal Currency As String, _
 ByVal Date As Date, _
 ByVal Value As Double, _
 Optional ByVal Update As Boolean = False _
Parameters
Currency - Specifies the target currency
Date - Specifies the date of the currency rate
Value - Specifies the rate of the target currency
Update - Specifies a value indicating whether or not to update the currency, if a value for the required date exists already
you can see example in Currency Bob Sample in SDK documentation
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HI i want to post foreign currency document in Fb01. i am facing following error as shown in screen shot
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Hi Kaushal,
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So please check below settings .
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Go to Transaction code OB08 and maintain the exchange rate for Type M, between USD and EUR.
Check the Controlling area currency too in OKEQ.
Check client currency in SCC4.
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I have a problem with the currency rate maintenance.
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Hi Nikitha,
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Either you can set up ERS or you can pay directly from the FI side.
Prerequisites
Evaluated receipt settlement must be flagged in the purchase order item.
The vendor must be flagged as being subject to ERS in the vendor master record.
The goods receipt must refer to a purchase order.
Goods-receipt-based Invoice Verification must be defined for the purchase order item.
A tax code must have been maintained in the purchase order item.
The order price of the materials may not be an estimated price.
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In Purchasing, you can delete the default ERS indicator in a purchase order item.
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Company code
Plant
Goods receipt posting date
Goods receipt document
Fiscal year of the goods receipt
Vendor
Purchase order and order item
You can define the selection criteria for the invoice documents by:
Delivery
Purchase order
Purchase order item
Goods receipt document
Credit memo
Invoice
Currency
Choose Execute.
The system issues a log for Evaluated Receipt Settlement, which displays the following:
Settled
In line with your selection criteria, the system displays all the order items that were settled (or if you are working in test mode, which would have been settled).
Could not be settled
In line with your selection criteria, the system displays all order items for which ERS is defined but could not be settled. It also lists the reasons.
If the system reports being unable to invoice a transaction, you should exclude the transaction from ERS to avoid it being included in the log the next time ERS is run.
Select the item and choose Exclude from ERS.
The system also generates and possibly sends a message to inform the vendor(s) about the transaction settled, depending on the settings in Customizing.
You can display the following environment information for the order items selected. To do this, choose Goto ®:
Display purchase order
Display invoice
Display material document
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Hi
We are working on 11.5.10.2.
How can I upload daily currency rate upload to my oracle application from bank or any other system ?
Will it be loaded in oracle GL and then drill down for use in AP and AR ?
We are planning to use multi currency payments, I mean raise an invoice in a foreign currency and pay in foreign currency?so what are the prerequisite set up required for achieving this?
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GL_DAILY_RATES_INTERFACE is the interface you use to create, update, and delete daily conversion rates. Customers should use this table to load rates into the GL_DAILY_RATES table.
To use this table to insert/update rates into GL_DAILY_RATES, insert rows into it with a FROM_CURRENCY, a TO_CURRENCY, a FROM_CONVERSION_DATE, a TO_CONVERSION_DATE, a USER_CONVERSION_TYPE, a CONVERSION_RATE, a MODE of 'I', and, optionally, an INVERSE_CONVERSION_RATE. Oracle General Ledger will automatically create rows in GL_DAILY_RATES for each date between the FROM_CONVERSION_DATE and the TO_CONVERSION_DATE, using the specified FROM_CURRENCY, TO_CURRENCY, USER_CONVERSION_TYPE, and CONVERSION_RATE.
INSERT INTO GL_DAILY_RATES_INTERFACE
     from_currency,
     to_currency,
     from_conversion_date,
     to_conversion_date,
     user_conversion_type,
     conversion_rate,
     mode_flag
VALUES
     SGD,
     'USD',
     '01-FEB-2008',
     '28-FEB-2008',
     'Spot',
     1.33,
     'I'
COMMIT
Hope this is what you required.

Currency rate not maintained for Pre- Euro data

Hi experts,
We have certain orders in BW Production environment from before the EURO zone. These orders have different local currencies eg. DEN. In BW reports the translation can not be executed, due to NO available currency records for DEN->EUR.
This happens for Exchange rate types which do not have EUR as reference currency.
How do we go about fixing this in BW?
Thanks

dear,
Currency Translation Type
A translation type is a combination of different parameters that establish how the exchange rate for the translation is determined.
check link for more details
http://help.sap.com/saphelp_nw04/helpdata/en/80/1a6806e07211d2acb80000e829fbfe/frameset.htm
Creating Currency Translation Types
       1.      On the SAP Easy Access screen for SAP NetWeaver Business Intelligence, choose SAP Menu ® Modeling ® Object Maintenance ® Currency Translation Types.
       2.      Enter a technical name for the translation type. The name must be between three and ten characters long and begin with a letter. Choose Create. The Edit Currency Translation Type screen appears.
       3.      Enter a description.
Exchange Rate Tab Page:
       4.      Choose Exchange Rate Type or Ex. Rate Type from Var. to determine the exchange rate dynamically. With Ex. Rate Type from Var. you can select any variable that has been created for 0RTYPE using input help.
       5.      Choose Dynamic Exchange Rate Determination or enter an InfoObject (key figure) to be used to determine the exchange rate. The latter is only supported with updates.
       6.      Determine whether you want to perform the currency translation with the inverse exchange rate. In this case, the required translation from one currency to another is performed using the reverse exchange rate. This can be useful, for example, when values have already been translated and you need to restore the original values.
Currency Tab Page
       7.      Under Source Currency, choose whether the source currency is:
?       Determined using the data record
?       Based on a fixed source currency
?       Determined using an InfoObject. Specify the InfoObject you want to use to determine the source currency. For more information, see the example under Defining Target Currency from InfoObjectss.
?       Determined using a variable
       8.      Under Target Currency, choose whether you want to determine the target currency when translation is performed or in the translation type.
If you are determining the target currency upon translation, you can either specify a fixed target currency in the Query Designer (as a property of a key figure of type Amount) or specify a variable to be used to determine the target currency. See Setting Variable Target Currencies in the Query Designer.
If the target currency is to be determined in the translation type, choose either
?       A fixed target currency
?       A target currency from a variable; you can use input help to select any variable that has been created for 0CURRENCY
?       Alternatively, an InfoObject from which the target currency is to be determined
Note that with InfoSets, the InfoObject can occur several times within the InfoSet and therefore may not be unique. In this case, you have to specify the unique field alias name of the InfoObject in the InfoSet. The field alias name consists of: . You can display the field alias in the InfoSet Builder using Switch Technical Name On/Off.
Example: In the InfoSet ISTEST, characteristic 0CURR occurs twice. The field alias names are ISTEST___F00009 and ISTEST___F00023.
Time Reference Tab Page
       9.      Select a fixed or a variable time base for the currency translation.
?       With a fixed time reference, you can choose between:
¦       Selection upon translation
¦       Current date
¦       Fixed key date
¦       Time reference using a variable (variable for 0DATE)
¦       Query key date. In this case, the time reference is the key date that is set in the query properties in the Query Designer.
?       With a variable time reference, you can choose:
¦       Standard InfoObject (standard time characteristic: 0FISCYEAR, 0FISCPER, 0CALYEAR, 0CALQUARTER, 0CALMONTH, 0CALWEEK or 0CALDAY), which is used to determine the time of the translation
¦       Special InfoObject. This special InfoObject has to have the same properties as the standard InfoObject or it has to reference the standard InfoObject. The aforementioned notes on using InfoSets also apply here.
¦       In the Time Adjustment field, whole numbers with +/- sign
¦       In the Time Adjustment from Variable field, you can specify formula variables (1FORMULA)
The time adjustment (regardless of whether it is fixed or variable) is always related to the InfoObject specified under Variable Time Reference.
   10.      Save your entries.
also check this
http://help.sap.com/saphelp_nw04s/helpdata/en/80/1a6813e07211d2acb80000e829fbfe/frameset.htm
Editing Currency Translation Types
http://help.sap.com/saphelp_nw04/helpdata/en/80/1a6820e07211d2acb80000e829fbfe/frameset.htm
Creating Variables for Currency Translation Types
http://help.sap.com/saphelp_nw04s/helpdata/en/10/1e1241b18aef6fe10000000a1550b0/frameset.htm
Trnsactions for Doing Currency conversion
If you are using SAP Netweaver 2004s and BI 7.0, use Tcode RSCUR
RRC1 Create Currency Conversion Type
RRC2 Edit Currency Conversion Type
RRC3 Display Currency Translation Type
Transaction for maintaining currency translation is OBBS and for exchange rates OB08
Hope it helps
Regards
Bala

Incorrect currency rate for LC2 Amount

Experts,
I am experiencing a scenario where the currency rate for LC2 does not correspond to the one assigned in exchange rate table (TCURR) and would need your advise.
The following data is maintained in transaction OB22:
LC= Company code currency
Local Currency2 = USD (Group currency - type 30)
Local Currency 3= EUR (Index based currency u2013 type 50)
Exchange rate type for LC, LC2 and LC3 currencies= M
Source currency for LC, LC2 and LC3 currencies = 1 "Translation taking transaction currency as basis"
TrsDte typ for LC, LC2 currency and LC3 = 3 "Translation date"
There is no reference currency involved. Calculation with inverted currency is allowed
Exchange rates are maintained for exchange rate type M and valid until 31.01.2011.
SEK=> GBP
USD=> GBP
EUR =>GBP
Posting date, Document date and Translation date for the posted document are all 28.01.2011.
For LC and LC3 currency conversion is correct i.e. it picks rate for exchange rate type M from TCURR, but for LC2 (Group currency) system chooses a different exchange rate that I cannot derive
I can add that the document is a MIRO posting, but the currency in PO/MIRO is equal to the one for Exchange rate type M in TCURR for SEK=> GBP, which is correct. I have also checked the assignment of currency type to material ledger type and it is set to use currency types from FI and to correspond to the currency types from CO.
Can someone please explain to me how and why SAP has come to calculate an exchange rate for my LC2 amount that differs from what it should be considering settings in OB22 and rates in TCURR?
All tips are welcome!
Kind regards,
Linda

Srikanth,
Yes, exactly it is the rate upon 28.01.2011that should be relevant for the actual document.
Exchange rate has not entered manually in document header by interface nor by user. Interface only feed document amount and currency i.e. no rates.
Standard quotation in table TCURN for GBP=>USD is:"1" Direct quotation valid from 01.01.1800
Standard quotation in table TCURN for "Blank"=>GBP is:"2" Indirect quotation valid from 01.01.1800
Translation ratio for currency pair GBP => USD for exch rate type M is 1:1, valid from 01.01.1800, alt ERT=blank.
Translation ratio for currency pair USD=> GBP for exch rate type M is 1:1, valid from 01.01.1800, alt ERT=blank.
Translation ratio for currency pair USD=> GBP for exch rate type M is 1:1, valid from 31.10.2010, alt ERT=blank.
Maintained exchange rate valid for the period 31.12.2010 - 30.01.2011 for exchange rate type M is 1 USD= 0.64114 GBP
Amounts in document are
Doc. Curr. Amount= 187.44 GBP
LC2 Amount= 281.16 USD
Rate used for LC2 Amount in document equals 1 USD = 0.6667 GBP
Correct LC2 Amount with rate 1 USD= 0.64114 GBP should be 292,35 USD.
Kind regards,
Linda

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Hello,
I'm trying to fill setup tables for Orders using Tcode OLI7BW
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Please suggest..
Thanks You,

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I would like to pay by payment on behalf in TRM transactions, which the payment order payed by transaction F111.
In TRM I do not work with vendors and clients, I work with company code and BP and I do not know how to do it.
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Regards

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Set up automatically Currency/rate in FB01 transaction

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