Multiple Currencies

SAP caters to the tracking of multiple currencies.
As a minimum, SAP tracks three currencies.
1) Company code currency: It is the currency of legal entity; dictated by legal/statutory requirements where the company is registered.
2) Transaction currency: The currency of the original document/ business event. It can be the same as company code currency.
3) Group Currency: It is the common type of currency in which all companies belonging to a group report.

There is also some other type of currencies such as
Hard currency: It is an additional currency for the system to track and that is generally linked to a more stable currency.

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