What is indirect exchange rate in SAP SBO - SAP Business One?

SAP Term: indirect exchange rate

• Component: SBO

• Component Name: SAP Business One

• Description: The price for one unit of the national currency in the foreign currency.

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• Key Concepts: 
  Indirect exchange rate is a feature in SAP Business One (SBO) that allows users to set up different exchange rates for different currencies. This feature is useful for companies that need to track multiple currencies and their respective exchange rates. It also allows users to set up different exchange rates for different periods of time, which can be useful for companies that need to track currency fluctuations over time. 
  
  How to use it: 
  In order to use the indirect exchange rate feature in SBO, users must first set up the currencies they wish to track. This can be done by going to the “Currencies” tab in the “Settings” menu. Once the currencies have been set up, users can then go to the “Exchange Rates” tab in the “Settings” menu and enter the desired exchange rates for each currency. 
  
  Tips & Tricks: 
  When setting up indirect exchange rates, it is important to remember that the exchange rate should be entered as a decimal number (e.g. 0.75). Additionally, it is important to remember that the exchange rate should be entered as a positive number (e.g. 1.25). 
  
  Related Information: 
  For more information on how to use indirect exchange rates in SBO, please refer to the official SAP Business One documentation or contact your local SAP representative.