when defining the currencies for a Company Code, it is possible to maintain, for each of these company Codes, two more currencies in addition to the 'Local Currency'. These two currencies are colled as the 'Parallel Currencies'
which can be the:
• Group Currency
• Hard Currency
• Global Company Currency
• Index-based Currency
Translate the values from one currency to the other, you will need to maintain exchange rate each pair of the defined currencies in the system. When parallel currencies are defined, the system maintains the accounting ledgers in these currencies as well, in addition to the local currency.
which can be the:
• Group Currency
• Hard Currency
• Global Company Currency
• Index-based Currency
Translate the values from one currency to the other, you will need to maintain exchange rate each pair of the defined currencies in the system. When parallel currencies are defined, the system maintains the accounting ledgers in these currencies as well, in addition to the local currency.
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