Processing Foreign Currencies 

Use

You need to convert currencies if the transaction currency differs from the account currency of the affected current account when you make or receive payments.

Prerequisites

You must have defined the currency-specific data.

In Customizing for SAP In-House Cash, choose Account Management ® Payment Processes in In-House Cash ® Make Basic Settings for Payment Processes.

Scope of Functions

The currency conversion is based on payment items. The following functions are available:

·        Provisional and final settlement

·        Flexible determination of the exchange rate type

You can define separate rate types for buying and selling rates in order to calculate the credit or debit amounts.

·        Primary and secondary exchange rates

You can differentiate between rates that the in-house cash center uses on the money market and rates that are used internally.