SAP Certified Application Associate – SAP S/4HANA for Financial Accounting — Question 31

What do you need to do to configure a new exchange rate type in SAP S/4HANA? (Choose two.)

Answer options

• A. Maintain exchange rates daily.
• B. Set up the relationship between currencies using translation ratios.
• C. Specify the company code currency as the base currency.
• D. Specify a purpose for the exchange rate type.

Correct answer: A, B

Explanation

To configure a new exchange rate type in SAP S/4HANA, it is essential to maintain exchange rates daily and set up the relationship between currencies using translation ratios. The other options, while relevant to currency management, do not specifically pertain to the creation of a new exchange rate type.