What is base currency in SAP MP-APP-DPE - Dynamic Pricing Engine?

SAP Term: base currency

• Component: MP-APP-DPE

• Component Name: Dynamic Pricing Engine

• Description: The currency that serves as the base for converting bids submitted with alternative currencies. An initiator sets the base currency when creating an opportunity.

Smart SAP Assistant

• Key Concepts: 
  Base currency is a term used in SAP's Dynamic Pricing Engine (MP-APP-DPE) to refer to the currency in which all prices and amounts are expressed. It is the currency that is used as the basis for all calculations and transactions. The base currency is typically the same as the local currency of the country in which the business operates. 
  
  How to use it: 
  The base currency is set up in the system when the Dynamic Pricing Engine is first installed. It can be changed at any time, but it is important to note that any changes will affect all calculations and transactions. To change the base currency, go to the System Settings menu and select “Change Base Currency”. 
  
  Tips & Tricks: 
  When changing the base currency, it is important to consider how this will affect existing transactions and calculations. It is also important to ensure that all prices and amounts are expressed in the new base currency before making any changes. 
  
  Related Information: 
  For more information on SAP's Dynamic Pricing Engine, please refer to SAP's official documentation at https://help.sap.com/viewer/product/MP-APP-DPE/latest/en-US.