3013212 - Currency Exchange Rate is unclear in APP "Manage Cost Rates - Actual" - SAP S/4HANA Cloud Public Edition

After calculation of Actual Cost Rate in Controlling Area Currency, Actual Cost Rate is updated to APP Manage Cost Rates - Actual.
Actual Cost Rate will convert from CO Area Currency to other currencies, such as Company Code Currency, it is required to understand which Currency Exchange Rate is using.

SAP S/4HANA Cloud Public Edition

Calculate Actual Cost Rate in APP Actual Cost Rate Calculation - Cost Centers or in APP Schedule Overhead Accounting Job for Actual Cost Rates Calculation.
After the calculation, query which Currency Exchange Rate is used to convert CO Area Currency to other currencies.

The conversion takes place with the Exchange Rate Type 'M' and the last day of the period for the conversion date.

In APP Currency Exchange Rates, enter Exchange Rate Type 'M' and the relevant Period.
The Currency Exchange Rate which is valid on the Last day of this Period is the one using in the currency conversion.

Actual Cost Rate can be either manually created or can be updated by Actual Cost Rate Calculation in APP Manage Cost Rates - Actual.
With this APP, maintain Actual Cost Rates for one currency and at this point no currency conversion is done.
The manual Cost Rates are converted to other currencies when they are used for postings, for example for internal activity postings.
But when calculate Actual Cost Rate, the Actual Cost Rates for each currency are saved on database.

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