What is rate currency in SAP IS-OIL-DS-MAP - Marketing, Accounting and Pricing?

SAP Term: rate currency

• Component: IS-OIL-DS-MAP

• Component Name: Marketing, Accounting and Pricing

• Description: Display currency used in MAP for formula and average pricing. The currency for calculating and displaying the formula amount. The amount is later converted into the document currency.

Smart SAP Assistant

• Key Concepts: 
  Rate currency is a component of the IS-OIL-DS-MAP Marketing, Accounting and Pricing module in SAP. It is used to define the currency in which the rate of a product or service is expressed. This rate currency can be different from the currency of the transaction. 
  
  How to use it: 
  Rate currency is used to define the currency in which the rate of a product or service is expressed. This rate currency can be different from the currency of the transaction. To set up rate currency, go to the IS-OIL-DS-MAP Marketing, Accounting and Pricing module in SAP and select “Rate Currency” from the dropdown menu. Enter the desired rate currency and click “Save”. 
  
  Tips & Tricks: 
  When setting up rate currency, make sure to select a currency that is widely accepted and used in your region. This will ensure that your customers are able to easily understand and pay for your products or services. Additionally, it is important to keep track of exchange rates between currencies as this can affect your pricing. 
  
  Related Information: 
  For more information on rate currency, please refer to SAP’s official documentation on IS-OIL-DS-MAP Marketing, Accounting and Pricing module. Additionally, you can find more information on exchange rates between currencies on websites such as XE Currency Converter.