KUMAR CONSULTING

Foreign Currency Setting

Configuration Document
Kundan Kumar
12-Aug-17

Contents
Define translation ratios for currency translation ......1
Maintain Exchange Rate Table .....................................2
Direct Quotation ............................................................3
Indirect Quotation .........................................................3
Post an Invoice in foreign currency ............................3
 Foreign Currency Setting
Define translation ratios for currency translation

Description
In this step we define translation rate (e.g. 1:1) which will in exchange rate table.

Procedure
Use below Transaction code:

Transaction code OBBS

Implementation

Click on Yes button.

And then click on

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 Foreign Currency Setting
Fillup the details as shown below and save it.

Maintain Exchange Rate Table

Description
In this step we maintain exchange rate table where with currency rate.

Procedure
Use below transaction code:

Transaction code OB08

Implementation

Click on Fill up the details as mentioned below.

Note: better to enter current date under valid form field.

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 Foreign Currency Setting

Note :Exchange rate table can be maintained in two way (expained below)

Direct Quotation

As per direct quotation one unit of foreign currency shows the total value of local currency
e.g. 1 USD = 50 INR

Indirect Quotation

As per indirect quotation one unit of local currency shows the total value of foreign
currency

e.g. 0.02 USD = 1 INR

Post an Invoice in foreign currency

Use transaction code FB50

Fill up the details as mentioned below (foreign currency must be given)

Press enter button

Save it.

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 Foreign Currency Setting
Click on Document and the click on display as shown below.

Right now the transaction is appearing in foreign currency.

Click on and the same tracsaction value has been converted in local
currency.

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