What is currency conversion in SAP LOD-ANA - SAP Analytics Cloud?

SAP Term: currency conversion

• Component: LOD-ANA

• Component Name: SAP Analytics Cloud

• Description: A function to convert financial values from one currency to another using an exchange rate, to enable analysis or planning across different currencies. Currency conversion is applied to model data by assigning currencies to the data stored in a model, and then calculating new measures in different currencies.

Smart SAP Assistant

• Key Concepts: 
  Currency conversion is a feature of the LOD-ANA SAP Analytics Cloud that allows users to convert currency values from one currency to another. This feature is useful for businesses that operate in multiple countries and need to compare financial data across different currencies. 
  
  How to use it: 
  To use the currency conversion feature, users must first select the source and target currencies they wish to convert between. Then, they can enter the amount of the source currency they wish to convert. The LOD-ANA SAP Analytics Cloud will then automatically convert the amount into the target currency. 
  
  Tips & Tricks: 
  When using the currency conversion feature, it is important to ensure that the source and target currencies are correctly selected. Additionally, users should be aware of any exchange rate fluctuations that may occur between the time of conversion and when the converted amount is used. 
  
  Related Information: 
  The LOD-ANA SAP Analytics Cloud also offers other features related to currency conversion, such as currency exchange rate tables and historical exchange rate data. Additionally, users can access real-time exchange rate data from external sources such as Bloomberg or Reuters.