It’s therefore recommended to use the API for exchange rates which is part of the SAP Market Rate Management Services. Apart from that it requires manual work daily to keep the exchange rates up-to-date, auditors could have issues with the file interfaces that could potentially be manipulated by other users. It is easy to set up but requires that you have a manual process to upload the exchange rate table daily. When you then upload it, the system will give you a log showing you whether the upload was successful. The system shows the message of data validation after you upload this file. You need to enter X for indirect quotation, and leave empty for direct quotation. Enter thePrice Quotation for this column. Only the format YYYYMMDD is supported currently. Enter the Effective Date for this column. Enter the Exchange Rate Type for this column. Market Data Category From To ERTy Value Date Exchange Rate From Factor To Factor Price QuotationĮxchange Rates Enter the Category Number 01 for this column. Via this template you can also upload interest rates, credit spreads, FX volatilities, and other data needed for the treasury management, but here we just want to look at the exchange rates.Ī detailed description on the generic template of the Import Foreign Exchange Rates app.įor templates in a single generic file, the fields have different meanings, depending on the market data category that you select.
If you want to upload the exchange rates from file, you first have to download a template which you find here in the app where you would also upload the file. There is no mass maintenance, so if you have many rates you would want to use the file upload. You can either enter the data from an empty screen or copy an existing rate and update the date and exchange rate. Here you can maintain each pair individually.
You do this in the Currency Exchange Rates app. The simplest way to enter exchange rates is through manual entry. Import exchange rates directly from external data provider using the SAP Market Rate Management Service.
Import exchange rates via API using the SAP Market Rate Management Service.Upload exchange rates from file via the Import Foreign Exchange Rates app.Manual maintenance of exchange rates in the Currency Exchange Rates app.SAP S/4HANA Cloud offers four ways to update your exchange rates in the system going from 100% manual to 100% automation. You would always need exchange rates in a financial system.
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