What is currency type in SAP FS-BA-SD - Source Data?

SAP Term: currency type

• Component: FS-BA-SD

• Component Name: Source Data

• Description: Determines what an amount refers to. The following types of currency exist in the Bank Analyzer system: Accounting object currency Evaluation currency Financial reporting currency Transaction currency

Smart SAP Assistant

• Key Concepts: 
  Currency type is a component of the Financial Accounting (FI) module in SAP. It is used to define the currency in which a transaction is to be processed. It is also used to define the exchange rate between different currencies. The currency type component of FS-BA-SD Source Data is used to define the currency type for a particular transaction. 
  
  How to use it: 
  In order to use the currency type component of FS-BA-SD Source Data, you must first define the currency type for a particular transaction. This can be done by entering the currency code in the “Currency Type” field in the transaction. Once this is done, you can then enter the exchange rate between different currencies in the “Exchange Rate” field. 
  
  Tips & Tricks: 
  When entering the exchange rate between different currencies, it is important to ensure that you enter the correct rate. This will ensure that your transactions are processed correctly and accurately. 
  
  Related Information: 
  For more information on how to use the currency type component of FS-BA-SD Source Data, please refer to SAP’s official documentation on Financial Accounting (FI).