All the currency-dependent data in the Project System is managed in three different currencies in parallel:

• Controlling area currency
• Object currency
• Transaction currency
• Planning also takes account of the business transaction currencies. For example, for an externally-processed activity, the system takes the currency from the purchasing info record. If no currency has been maintained in the purchasing info record, you can maintain it manually in the business transaction. The planning finance flow is always displayed in the project by currency.

Every amount in the project is translated as appropriate when you enter it and recorded in the database in all three currencies. You stipulate the currency translation rates in the Project System implementation guide.

The commercial information system offers reports in any currency you want, in addition to those described above. The system translates the data using the latest rates.

To customize the rates as required, go to the Project System IMG and choose Information System ® Costs/Revenues Information System ® Hierarchy Report ® Currency Translation ® Define Currency Translation Keys.

In the report list, choose Currency Translation to have the system translate the respective currencies at the rates configured.