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RE: [sap-acct] SAP M Rate

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Posted by AugieMom
on Dec 21 at 3:42 PM
Thanks Nikki, I actually found a custom program that my client wrote that updates the M rate from the daily rate every morning.

Thanks

Linda
x2632

---------------Original Message---------------
From: Nikki Klein
Sent: Tuesday, December 21, 2010 3:37 PM
Subject: SAP M Rate

Hi Linda

The M rate, while named as the Average rate, is not calculated by SAP and is not necessarily used as such by clients. I have seen some clients update the M rate daily, others weekly, others on the last day of each month. I suggest you find out what your client actually does in terms of maintaining the exchange rate (and who does it), in order to analyze these inconsistencies you see.

Nikki

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