New Currency In Material
How do I decide new currency?
It actually depends on the country based on your location. You have
to follow the local currency of your own country.
First you should know the business requirement of your client.
In the case where a new country is formed or if a country changes its
currency we will get requirement to create a new currency. It happened
in Europe when they started using EUR.
Define a new currency in customizing with transaction OY03 :
If you change the current currency, your accounting documents will
be re-evaluated by R/3 and this could cause adverse impacts to your financials
figures (This you need to clarify with your SAP Finance Consultant).
Use the following relevant Transaction:
OY04 - To Assign number of digits to new currency.
OBBS - To define conversion factor for currency conversion
OB08 - To enter exchange rates
XK02 - To assign new currency to vendor master
ME11 - To create a Purchase info record
Created MM documents with new extended price.
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