| # Rate determiners in Procurement You can use rate determiners to specify which date is used to determine the exchange rates. Amounts in foreign currencies are converted to the home currency based on the valid exchange rate. A company's currency system, which you can define in the Currency System field of the Companies (tcemm1170m000) session, defines how amounts are calculated and registered. These currency systems are available: Single currency. Independent currency. Dependent currency. Based on the currency system, you can specify the following rate determiners in Procurement:
Currency System: | Single Currency
Rate Determiners: | Document Date
Expected Cash Date
Manually Entered
Fixed
Receipt Date
Currency System: | Independent currency
Rate Determiners: | Document Date
Expected Cash Date
Manually Entered
Fixed Hard
Fixed Local
Fixed Local and Hard
Receipt Date
Currency System: | Dependent Currency
Rate Determiners: | Document Date
Expected Cash Date
Manually Entered
Fixed
Receipt Date
For more information on the function of each rate determiner, refer to Currency Rate Determiner. Related topics Currency systems |