What is 'exchange rate' in SAP BNS-CON - Concur?

exchange rate - Overview

• Component: BNS-CON

• Component Name: Concur

• Description: A currency exchange rate.

exchange rate - Details

• 
  Key Concepts: 
  Exchange rate is a term used to describe the rate at which one currency can be exchanged for another. In the context of SAP BNS-CON Concur Expense, exchange rate is used to convert expenses from one currency to another. 
  
  How to use it: 
  In SAP BNS-CON Concur Expense, exchange rates are used to convert expenses from one currency to another. This is done by entering the amount of the expense in the original currency and then selecting the currency to which it should be converted. The exchange rate will then be applied to the amount entered and the converted amount will be displayed. 
  
  Tips & Tricks: 
  When entering an expense in SAP BNS-CON Concur Expense, it is important to ensure that the correct exchange rate is applied. This can be done by checking the current exchange rate for the currencies involved and ensuring that this is reflected in the amount entered. 
  
  Related Information: 
  The exchange rate used in SAP BNS-CON Concur Expense is based on the current market rate for the currencies involved. It is important to note that this rate may fluctuate over time and should be checked regularly to ensure accuracy.