What is 'fixed exchange rate' in SAP SBO - SAP Business One?

fixed exchange rate - Overview

• Component: SBO

• Component Name: SAP Business One

• Description: A defined exchange rate between the currencies of countries which does not vary.

fixed exchange rate - Details

• 
  Key Concepts: 
  Fixed exchange rate is a type of exchange rate regime where a currency's value is fixed or pegged against the value of another currency. In SAP Business One, this is used to set the exchange rate for a currency pair, which is then used to convert amounts from one currency to another. 
  
  How to use it: 
  In SAP Business One, fixed exchange rates can be set up in the Currency Exchange Rates window. To do this, select the currency pair you want to set up and enter the exchange rate. This rate will then be used for all transactions involving that currency pair. 
  
  Tips & Tricks: 
  It is important to keep your fixed exchange rates up-to-date in order to ensure accurate conversions between currencies. You can set up an automated process to update your rates on a regular basis. 
  
  Related Information: 
  For more information on setting up and managing fixed exchange rates in SAP Business One, please refer to the official documentation here: https://help.sap.com/viewer/product/SAP_BUSINESS_ONE/9.3/en-US/f8f2d7a7c9e04b6f8a5d3c2b1e9f7a4d.html