What is 'default currency' in SAP SRD-MD-OM - FDN-Organization Management?

default currency - Overview

• Component: SRD-MD-OM

• Component Name: FDN-Organization Management

• Description: The defined currency for usage. You can set the default currency for payment of salaries, or for business transactions with customers or suppliers.

default currency - Details

• 
  Key Concepts: 
  Default currency is a term used in SAP's Organization Management component. It is the currency that is used as the default for all transactions and calculations within the system. This currency is set up in the system and cannot be changed. 
  
  How to use it: 
  The default currency is set up in the system by an administrator. This currency will be used for all transactions and calculations within the system. It cannot be changed once it has been set up. 
  
  Tips & Tricks: 
  When setting up the default currency, make sure to choose a currency that is widely accepted and used in your organization. This will ensure that all transactions and calculations are done in a consistent manner. 
  
  Related Information: 
  For more information on setting up the default currency, please refer to SAP's documentation on Organization Management. Additionally, you can contact your SAP support team for assistance with setting up the default currency.