Currency Translation Key 
Currency Translation Key
Definition
Definition as to how the exchange rate is determined during currency translation (such as historical or spot rate exchange rates).
The currency translation key also determines the output currency for the currency translation into the group currency. The output currency can be:
Use
You have to enter a currency translation key when defining a
translation method.Structure
Currency translation keys of importance in the Special Purpose Ledger:
Technical entry |
Name |
Description |
0 |
Zero translation |
The group currency values of the current period are calculated so that the total of all values for the current period equals zero. |
1 |
Spot exchange rate translation |
The exchange rate is determined from the year and period at the time of the program run. A cumulated group currency value is determined. For use with balance sheet accounts |
2 |
Historical exchange rate |
This exchange rate is determined from the acquisition year and period of the asset. In Customizing, you need to complete the Maintain Historical Currency Translation activity. For use with assets |
5 |
Translation using exchange rate for month |
The local currency values for all periods are calculated using the exchange rate for the period. For use with P&L accounts |
6 |
No repeated translation |
The existing group currency values are not replaced. The translation differences are posted, however, to the accounts as specified in Customizing. |
9 |
Translation of transaction currency |
The translation exchange rate is determined as with spot exchange rate (currency translation key 1) The output currency is, however, the transaction currency |