To process business transactions and to create bookings for the general ledger, etc. Currencies are required. These are stored in the database using their respective ISO code for currencies.

Before running a conversion, the relevant currencies and conversion rates have to be stored in the system. A currency can only be used when it has first been entered in the system. The database already contains a selection of various currencies

The relevant rates can be used simply by entering the date. Margins for selling/buying rates are regarded in accordance with the administration of currencies.

Currencies : 

To maintain Currencies, DBICUR transaction is used.  

Select it from the menu item[Static Data -> Currency/Exchange -> Currency]. 

(Administrator and designer users can directly start this transaction by clicking the  (Launch transaction ) available in the Panel headline without having to select the relevant menu ) 

To add a new Currency, click on the to create a new Currency.
Add in the relevant details and note the following; 
Seq. in Exchange Rate table will determine whether (and where in the list) the currency will be included in the Daily exchange rates input . 
General Ledger Base Rate is used to validate any exchange rate against, to prevent miss-keying mistakes. 
If the new exchange rate is outside the G/L base rate +- Maximum tolerance, then you get an error for that exchange rates.  See  Exchange Rate Import - IMPXRT on how to keep the G/L base rate in step with latest exchange rates .

When you have made your changes, click on the ( )  Save function to save all the the data entered in the transaction to the database.

Exchange Rates: 

The Exchange Rates is created for all currencies listed and the currency margins for the selling/buying rates to be considered.

To maintain Exchange Rates, DBIXRT transaction is used.  

Select it from the menu item[Static Data -> Currency/Exchange -> Exchange Rate]. 

(Administrator and designer users can directly start this transaction by clicking the  (Launch transaction ) available in the Panel headline without having to select the relevant menu ) 

To add a new Exchange Rate , click on the to create a new Exchange Rates.

When you have made your changes, click on the ( )  Save function to save all the the data entered in the transaction to the database.

See also :  Daily exchange rates input