What is 'payment currency' in SAP SRD-TRL - GLO-Translation?

payment currency - Overview

• Component: SRD-TRL

• Component Name: GLO-Translation

• Description: The currency used to make a financial payment. For example, USD or Euro.

payment currency - Details

• 
  Key Concepts: 
  Payment currency is a component of the SAP SRD-TRL GLO-Translation module. It is used to define the currency in which payments are made. This currency is used to determine the exchange rate for payments and to calculate the amount of money that needs to be paid in the local currency. 
  
  How to use it: 
  The payment currency can be set up in the SAP system by going to the SRD-TRL GLO-Translation module and selecting the “Payment Currency” option. Once selected, you can enter the currency code and exchange rate for the payment currency. This will then be used to calculate the amount of money that needs to be paid in the local currency. 
  
  Tips & Tricks: 
  It is important to ensure that the payment currency is set up correctly in order to ensure accurate calculations when making payments. It is also important to keep track of any changes in exchange rates as this could affect the amount of money that needs to be paid in the local currency. 
  
  Related Information: 
  For more information on setting up payment currencies in SAP, please refer to the SAP help documentation or contact your SAP support team.