Exchange rate is shared by financial reports from different projects such as Management Information (MI) and Product Costing. Thus ensuring both are taking and defining the same rate is crucial. Rounding adjustment and inverse flag are some of the items that should be factored in when designing the reports.
In a global environment, the exchange rate is retrieved from a single point , eg. from ft.com.
The exchange rate is usually downloaded to r/3 and global transfer to BI. Either that, BI can also have its own exchange rate program that download the latest rate for Budget,COPA,COPC etc.
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