This lesson provides an understanding of currencies and market definitions that allow the addition of multiple currencies and conversion rates in SAP CPQ. You will also gain hands-on experience working with the associated processes in SAP CPQ.
The Currencies feature in SAP CPQ converts the default currency to a foreign currency. CPQ calculates foreign currencies by multiplying the default currency with the currency rate provided in the table. This amount is then multiplied by the market factor to obtain the final converted price. (The market factor will be discussed the next lesson.)
One default currency must be set. The United States Dollar (USD) is the default currency used throughout SAP CPQ and is the base currency, unless otherwise configured. When a different currency is calculated, the default currency is multiplied by the conversion rate.
For example:
If a product costs $200 in USD, its price in Canadian Dollar is 1.44*200=288 CAD.
Each currency in the table displays the appropriate abbreviation and symbol along with a description and conversion rate.
Note
There are no limitations on the type of currency signs available. However, the number of characters is limited.