3636164 - Currency conversion for activity allocation regarding CO object currency - SAP S/4HANA Cloud Public Edition

It's not clear about the logic of currency conversion for activity allocation regarding CO object currency.

SAP S/4HANA Cloud Public Edition

The basic information about currency exchange is explained in KBA - 2930207 - Currency conversion in activity allocation.

The logic for CO object currency is different.

In Public Cloud, the currency exchange is by default according to below settings:

Exchange Rate Type: M

Date: The first day in the month of Posting Date (Journal Entry)

Source Currency: Transaction Currency

CO object currency, exchange rate, type, translation date, activity type, activtity allocation. , KBA , CO-OM-ACT-E-2CL , Postings (Public Cloud) , Problem