When to Use Currency Conversion
Currency conversion use case examples include:
- Display corporate (group) and local operating currencies in stories.
- Import and plan in local currency and immediately translate to group currency.
- Translate with category-specific exchange rates.
- Import both local and group currency actual values.
- Analyze exchange rate changes with a constant currency.
Key Points for Currency Translation
- Exchange rates are stored in the SAP Analytics Cloud currency translation table.
- Currency tables can be updated using:
- Flat files
- BPC rate models
- BW queries
- Manual data entry
- Exchange rates originate from financial institutions and are automatically or manually updated into SAC.
- The concepts in this lesson concern planning concepts not month-end closing currency translation.
- If you use New Models, you can enable a currency variable in the model preferences to set a default target currency for conversions measures.
Key Terminology for Currency Conversion
- Local Currency (LC) refers to the functional or operating currency of a company. For example, a company in the US uses the US dollar as its local currency but a company in Germany uses the euro.
- Group Currency refers to the corporate level currency. For example, a company in the US that has a German parent will have the euro as its group currency.
- Translation is used interchangeably with conversion.