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
called the Parallel Currencies, which can be the:
Group Currency
Hard Currency
Global Company Currency
Index-based Currency
To translate the values from one currency to the other, you will need to
maintain an exchange rate for 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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