Foreign Currency Valuation - using different exchange rate types

[Former Member]

Hello,

We have several Company codes in Europe but using individual Exchange rate types. This is required as, eg. Romania, some countries do not use the rate of the European Central Bank.

In the System is as Standard M and P set up. On-Premise we usually set up rate EURX for Central European Bank and then others for the specific national Banks. Expert Config Request is used for those Exchange rate types.

But I cannot see in App "Foreign Currency Valuation" the Option to enter the Exchange rate type. There is only a field "valuation area" for countries. I would assume that either a Connection of Exchange rate type to valuation area is possible or the entry in that App directly.

Any comments are appreciated.

Thanks and Regards,

Wolf

[Anirban_Dutta · Accepted solution]

Hi Wolf,

The Exchange rate type is assigned to the Valuation Method in SSCUI 101677. Here, you can create your own Valuation Method by assigning your required exchange rate type. And next in SSCUI 101666 you should create your new Valuation area using this new Valuation method. Also please assign the new Valuation area created to the relevant Accounting Principle in SSCUI 101627. Then if you perform Foreign currency revaluation using this Valuation area it will pick up the desired Exchange rate type.

Regards,

Anirban