conversion of amount into foreign currency.?

[Madhurivs23]

Hi all,

I want to develop a report report in which I need to convert the amount from company code currency to foreign currency.

but before that should it be converted from company code currency to group currency which is standardized one?

means suppose I have company code currency GBP , grp currency USD and user selects EUR for amount currency.

then should I go like this: GBP to USD then USD to EUR.

I am using the FM : CONVERT_AMOUNT_TO_CURRENCY.

rgds,

Madhuri

[Former Member]

It is not necessary to do so, but might be a customer requirement, check with your customer. Some people use a reference currency, which means all translations have to fo through that currency.

Also check whether you should use the same exchange rate type for balance sheet and income statement items. Usually they need to be different.