Define Standard Quotation for Exchange Rate in SAP

How to Define Standard Quotation for Exchange Rate in SAP

In this configuration step, you will learn how to define standard quotation for exchange rate in SAP S4 Hana. It is one of the important step, you need to maintain the direct quotation or indirect quotation for each exchange rate currency pair.

In our scenario, we are going to update the Foreign Currency – Local Currency as the Direct Quotation

  • USD – INR: Direct Quotation
  • EUR – INR: Direct Quotation

What is Direct Quotation

Direct Quotation is the cost of one unit of foreign currency given in a local currency. For E.g.

  • Local Currency: INR, Foreign Currency: USD
  • Direct Quotation: 1USD = 80 INR

What is Indirect Quotation

Indirect quotation is the cost of one unit of local currency given in a foreign currency. For. e,g,

  • Local Currency: EUR
  • Foreign Currency: USD
  • Indirect Quotation: 1 EUR = 0.98 USD

Let’s learn how to configure the standard quotation for Exchange Rate.

  • IMG Path: SIMG > ABAP Platform > General Settings > Currencies > Define Standard Quotation for Exchange Rates.

Step 1: Execute the transaction code “SIMG” in the SAP command field.

Step 2: Follow the IMG menu path and execute the IMG activity “Define Standard Quotation for Exchange Rates”

Step 3: On change view “Maintenance View TCURN”: overview screen, click on “New Entries” button.

Step 4: On Entries screen, update the following details.

  • From: Update the From Currency
  • To: Update the Currency that you want to translate
  • Valid From: Update the valid period
  • Quotation: Choose the quotation as Direct Quotation or Indirect Quotation

Once you update the standard quotation details, click on save button and save the configured details in SAP S4 Hana system.

  • Related Posts

    Attachments for SAP XI/PI – ARIBA Invoices sent via PI to S/4HANA

    Integration with SAP systems has never been more intriguing, especially with Ariba, Workday, Concur, Successfactors, Fieldglass, Hybris, and other satellite cloud solution vendors banging on doors every day. 🙂 I…

    11 Steps to Include a New Field in an Already-Existing SAP LSMW Batch Input Recording

    Alright. Why in the world do we care about LSMW in this paper when S/4HANA migration cockpit should ideally replace it? 🔥🎥 The simple answer is that not all people…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Issue in opening Notepad attachment using class CL_FITV_GOS=>GET_CONTENT

    • By Varad
    • April 26, 2025
    • 22 views
    Issue in opening Notepad attachment using class CL_FITV_GOS=>GET_CONTENT

    Pop Up Debugging

    • By Varad
    • April 25, 2025
    • 29 views
    Pop Up Debugging

    How to enable table entries maintenance in SE16N (Alternative for &SAP_EDIT and UASE16N)

    • By Varad
    • April 24, 2025
    • 31 views
    How to enable table entries maintenance in SE16N (Alternative for &SAP_EDIT and UASE16N)

    Steps to stop debugger at ELM BADI CRM_MKTLIST_BADI from Web UI Screen

    • By Varad
    • April 23, 2025
    • 42 views
    Steps to stop debugger at ELM BADI CRM_MKTLIST_BADI from Web UI Screen

    Single Popup Instead Multiple Popup for BAPI Return and Custom Messages

    • By Varad
    • April 22, 2025
    • 62 views
    Single Popup Instead Multiple Popup for BAPI Return and Custom Messages

    How to pass Reversal Date & Reason to BAPI_ACC_DOCUMENT_POST?

    • By Varad
    • April 21, 2025
    • 78 views
    How to pass Reversal Date & Reason to BAPI_ACC_DOCUMENT_POST?