1494546 - Foreign Currency Remeasurement Run Does Not Use the Right Key Date Exchange Rate

The key date exchange rate from a foreign currency XYZ to your local currency ABC decided in the Foreign Currency Remeasurement Run for Receivables is not the latest exchange rate shown in the Exchange Rate for Foreign Currencies table.

(XYZ represents the foreign currency)

(ABC represents the local currency)

SAP Business ByDesign

1. In the 'Receivables' work center, choose the 'Periodic Tasks' view.
2. Select the 'Foreign Currency Remeasurement Runs' subview.
3. Click on 'New' and choose Foreign Currency Remeasurement Run from the list.
4. Enter the 'Company ID' and 'Period/Year'.
5. Click on 'Start Immediately'.
6. Choose 'Display Log'.
7. In the 'List of Logs' screen, click on 'View'.
8. Go to the 'Processed Successfully' tab.
9. Choose one line item with the transaction currency being XYZ.
10. Document the exchange rate shown in the 'Key Date Exchange Rate' column.
11. Then go to the 'General Ledger' work center.
12. Under 'Common Tasks', click the 'Edit Exchange Rates' link.

In the 'Exchange Rate for Foreign Currencies' table, you can see the exchange rate from XYZ to ABC is different from that in the Foreign Currency Remeasurement Run.

During the Foreign Currency Remeasurement Run, the system determines the key date on the basis of the selection parameters 'Period' and 'Fiscal Year'. The last day of the period or fiscal year is the key date. In the system, there is one exchange rate from currency XYZ to ABC which is valid from the last day of the month, when the Foreign Currency Remeasurement Run is executed prior to the last day of the month, this exchange rate has not become valid, thus is not shown as the latest exchange rate in the Exchange Rate for Foreign Currencies table.

The remeasurement can be repeated as often as required until the receivable has been cleared or written off. If you execute the 'Foreign Currency Remeasurement Run' on the last day of the month, you can see the key date exchange rate from XYZ to ABC in the run is the same with that in the 'Exchange Rate for Foreign Currencies' table.

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