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

realized exchange rate - Overview

• Component: SBO

• Component Name: SAP Business One

• Description: The exchange rate a calculation is based on. During a period of time, exchange rates between currencies may vary. The set of realizations of the exchange rate lies in the interval between the lowest and highest rate.

realized exchange rate - Details

• 
  Key Concepts: 
  Realized exchange rate is a feature in SAP Business One (SBO) that allows users to track the exchange rate of a currency at the time of a transaction. This feature helps users to accurately record the value of a transaction in the correct currency. 
  
  How to use it: 
  In order to use the realized exchange rate feature, users must first set up their currencies in SBO. Once this is done, users can enter transactions in the desired currency and SBO will automatically calculate the realized exchange rate for that transaction. This rate will be used to record the value of the transaction in the correct currency. 
  
  Tips & Tricks: 
  It is important to note that the realized exchange rate is only applicable for transactions that are entered in a different currency than the base currency. If a transaction is entered in the base currency, then the current exchange rate will be used instead. 
  
  Related Information: 
  For more information on setting up currencies and using the realized exchange rate feature, please refer to SAP’s official documentation on SBO.