Exports 2

[Former Member]

Dear Friends

Request an expert to clarify whats is an exchange rate by "direct quote" & exchage rate by "indirect quote"?

Rgds

Sumanth.G

[Lakshmipathi · Accepted solution]

Check this link

[Direct and Indirect Quotation for Exchange Rates|http://help.sap.com/printdocu/core/Print46c/en/data/pdf/CAMENG/PREIS-UND%20MENGENNOTIERUNG.pdf]

thanks

G. Lakshmipathi

[Former Member]

answered & closed.

[Lakshmipathi]

answered & closed.

Not necessary to indicate this while closing the thread. Just click Answered button.

thanks

G. Lakshmipathi

[Former Member]

hi

you will be maintaining exchange rate in two conditions in that one is direct quote and indirect quote.

The type of quotation used is dependent on the market standard.

You can define the type of quotation per client and currency pair (business transaction).

Indirect quotation has not been required until now, because direct quotation was usually used for

exchange rates. With the start of the dual currency phase of the European Monetary Union

(EMU).

indirect quotation is now used within Europe for exchange rates with the euro. Indirect

quotation is also becoming more widely accepted internationally. Until now, there were many

limitations involved in processing indirect exchange rates.

Direct quotation is where the cost of one unit of foreign currency is given in units of local

currency, whereas indirect quotation is where the cost of one unit of local currency is given in

units of foreign currency.

the following is the

http://help.sap.com/printdocu/core/Print46c/en/data/pdf/CAMENG/PREIS-UND%20MENGENNOTIERUNG.pdf

hope this clears your issue

balajia

[Former Member]

Pretty helpful answer... Mr.Balaji.

So, maintaining the rates in OB08.. is that all? By this, will so/invoice come in foreign currency?

Rgds

Sumanth.G

[Former Member]

hi,

yes sumanth

you are exactly right

what ever you maintain as an exchange rate here OB08.

that will get copied to sales order and invoice.

balajia