What is exchange rate indicator in SAP EC-CS - Consolidation?

SAP Term: exchange rate indicator

• Component: EC-CS

• Component Name: Consolidation

• Description: A classification of exchange rates for foreign currencies. &EXAMPLE& current rate spot rate average rate historical rate

Smart SAP Assistant

• Key Concepts: 
  Exchange rate indicator is a feature of the EC-CS Consolidation component of SAP. It is used to define the exchange rate that will be used when consolidating financial statements from different currencies. The exchange rate indicator can be set to either a fixed rate or a variable rate, depending on the user's preference. 
  
  How to use it: 
  To use the exchange rate indicator, first select the currency for which you want to set the exchange rate. Then, select either a fixed or variable rate. If you choose a fixed rate, enter the desired exchange rate in the field provided. If you choose a variable rate, select the desired exchange rate from the list of available rates. 
  
  Tips & Tricks: 
  When setting an exchange rate indicator, it is important to remember that the exchange rate should be updated regularly to ensure accuracy. Additionally, it is important to consider any potential currency fluctuations when setting an exchange rate indicator. 
  
  Related Information: 
  For more information on using the exchange rate indicator in SAP EC-CS Consolidation, please refer to SAP's official documentation on the topic. Additionally, there are many online resources available that provide detailed instructions on how to use this feature.