What is 'base currency' in SAP FS-LMS - Liquidity Management Suite?

base currency - Overview

• Component: FS-LMS

• Component Name: Liquidity Management Suite

• Description: The common currency into which other currencies are converted to give a uniform view of the values in multicurrency position displays.

base currency - Details

• 
  Key Concepts: 
  Base currency is a term used in the SAP FS-LMS Liquidity Management Suite. It is the currency in which all transactions are recorded and reported. It is the currency that all other currencies are compared to when calculating exchange rates. 
  
  How to use it: 
  In SAP FS-LMS, the base currency is set up when the system is first configured. This currency will be used as the default for all transactions and reports. It can be changed at any time, but this should be done with caution as it can affect existing transactions and reports. 
  
  Tips & Tricks: 
  When setting up a base currency, it is important to consider the currencies of the countries in which you do business. This will ensure that you are able to accurately report on transactions and exchange rates. 
  
  Related Information: 
  For more information on setting up a base currency in SAP FS-LMS, please refer to the SAP Help documentation.