What is 'bank selling rate' in SAP FI - Financial Accounting?

bank selling rate - Overview

• Component: FI

• Component Name: Financial Accounting

• Description: The rate at which a bank offers goods, foreign currency, or securities.

bank selling rate - Details

• 
  Key Concepts: 
  Bank Selling Rate is a term used in SAP Financial Accounting (FI) to refer to the rate at which a bank sells foreign currency. This rate is determined by the bank and is used to calculate the exchange rate for foreign currency transactions. 
  
  How to use it: 
  The Bank Selling Rate is used in SAP FI to calculate the exchange rate for foreign currency transactions. This rate is determined by the bank and can be entered manually or imported from an external source. The Bank Selling Rate can be used to calculate the exchange rate for both incoming and outgoing payments. 
  
  Tips & Tricks: 
  When entering the Bank Selling Rate manually, it is important to ensure that the rate is accurate and up-to-date. It is also important to ensure that the rate is consistent with other rates used in SAP FI, such as the Bank Buying Rate. 
  
  Related Information: 
  The Bank Selling Rate is related to other terms in SAP FI, such as the Bank Buying Rate and Exchange Rate. It is also related to other terms in SAP, such as Foreign Currency Valuation and Currency Translation.