Currencies

The settlement can be updated different currencies: It takes place in one of the following currencies:

· Controlling area currency

· Object currency of the sender
This is the currency defined in the master record of the sender object. Credits for the sender are updated in this currency.

· Object currency of the receiver
This is the currency defined in the master record of the receiving object. Debits for the receiver are updated in this currency.

· The transaction currency for the settlement

The exchange rate type is used to store different exchange rates in the system. The exchange rate type M is used automatically by the system for settlement.