Currency Conversion (Euro) 

Purpose

As part of European Monetary Union (EMU), the national currencies of the countries participating in EMU are to be changed over to a single currency (the euro). In the course of the changeover, there will be a period when both the euro and the national currencies will be valid (dual currency phase). After this period has ended, the only valid currency will be the euro.

This means that during the dual currency phase, the currencies defined for general business agreements and logistics data (such as the order currency of a vendor) have to be changed over to the euro.

A number of reports are available for directly carrying out the conversion in the various application areas.
It can, however, make sense to plan the conversion first and distribute the tasks among various agents.

Implementation Considerations

You require this function if your local currency is being changed to the euro or if you work with business partners whose local currency is being changed.

Integration

The currency is changed over in two main areas:

This involves changing over amount fields and fixed amounts in Customizing tables and fields containing currency keys and exchange rates to the new currency.

Refer to CA - European Monetary Union: Local Currency Changeover (CA-EUR-CNV)

During the dual currency phase, a number of sets of data in various areas have to be changed over on different dates. Many of the retail-specific sets of data that have to be converted have been grouped together in a separate "Euro Workbench" for Retail.

Refer to CA - European Monetary Union: Currency Changeover in Retail (IS-R)

See also:

CA - European Monetary Union: Euro (CA-EUR)