What is middle exchange rate in SAP SRD-FIN-GL - FIN-General Ledger?

SAP Term: middle exchange rate

• Component: SRD-FIN-GL

• Component Name: FIN-General Ledger

• Description: The average calculated using the bid rate and ask rate.

Smart SAP Assistant

• Key Concepts: 
  Middle exchange rate is a feature of the SAP General Ledger (GL) component that allows users to enter a different exchange rate than the one used in the document currency. This is useful when the document currency is different from the local currency, as it allows users to enter a rate that is more accurate than the one used in the document. 
  
  How to use it: 
  To use middle exchange rate, users must first activate it in the GL configuration. Once activated, users can enter a middle exchange rate when entering documents into the system. The middle exchange rate will be used to calculate the local currency amount of the document. 
  
  Tips & Tricks: 
  When entering documents into the system, it is important to ensure that the middle exchange rate entered is accurate. This will ensure that the local currency amount of the document is calculated correctly. 
  
  Related Information: 
  For more information on middle exchange rate, please refer to SAP Help documentation on General Ledger Configuration and Document Posting.