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Answer Posted / ravi chandra singu
A foreign currency valuation is necessary if vendor accounts
contain open items
in a foreign currency. The amounts of these open items were
translated into the
local currency at the time they were entered using the
current exchange rate for
example, USD 500 to EUR 600, the local currency.
The exchange rate is probably different at the time of
closing, and open items need
to be valuated again. A program valuates the open items
using the new exchange
rate and enters the valuation difference EUR 10 in the
valuated line
items. It also creates the valuation posting.
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