What is Group Currency and Hard Currency?
Answers were Sorted based on User's Feedback
Answer / valerya
Hard currency - Hard Currencies are used in countries with
high inflation to improve the value of transaction. When a
hard currency is selected, the document is automatically
updated in the local currency and the hard currency. The
config for hard currency is done at the country level
Group Currency - Group currencies are defined at the client
level in table T000. Group currencies are used to enable
cross-company postings in controlling for company codes
that use different company code currencies.
Is This Answer Correct ? | 29 Yes | 1 No |
Answer / nagaraju uddagiri
While creating a client by basis team, one of the required
parameter is currency. this field is nothing but a group
currency.
Is This Answer Correct ? | 8 Yes | 2 No |
Answer / vicky pruthi
In any county with local curren. two other curren. can also
be set,these can be hard currency and group currency
Hard Currency :
is used in that countries where the
inflation rate is high.
Group Currency :
is used to fulfil the statutory obligation.
Is This Answer Correct ? | 8 Yes | 4 No |
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