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Exchange rate P value

Hello Expert

   I am just trying to understand exchange rate values

M- is monthly and we maintained as per as daily rate

P -Standard transection for cost planning ( This we maintain in the starting for year ) ,so on what basis we calculate this exchange rate ? How we maintain this ?

Former Member
Former Member replied

Yes, M is the daily rate.  For P rate, I have always used the M rate on the first day of that month (or first day of the year, in case you are maintaining it just at the starting of the year) - this is used by the plan version on your controlling area).  You actually specify this rate type when you define/maintain versions for your controlling area.

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