Understanding Direct and Indirect Quotes in Exchange rates

 https://generalledger-gl.blogspot.com/2025/09/understanding-direct-and-indirect.html

Understanding Direct and Indirect Quotes

1. Domestic / Functional / Ledger Currency: This is the currency of the country or company’s books.

Example: If you are in the UAE, your domestic currency is AED.

• Foreign → Domestic = Direct Quote
  (How much local/domestic money for 1 unit of foreign currency)

• Domestic → Foreign = Indirect Quote
  (How much foreign money for 1 unit of domestic currency)

Example with AED (domestic) and USD (foreign):

• Direct: 1 USD = 3.67 AED

• Indirect: 1 AED = 0.272 USD

________________________________________

2. Direct Quote

👉 How many units of domestic currency are needed for 1 unit of foreign currency?

• Formula: 1 Foreign = ? Domestic

• Example (in UAE):

1 USD = 3.67 AED

• Here, USD is the base (foreign) and AED is the quote/reference (domestic).

• ✅ Domestic price of one unit of foreign currency.

________________________________________

3. Indirect Quote

👉 How many units of foreign currency can 1 unit of domestic currency buy?

• Formula: 1 Domestic = ? Foreign

• Example (in UAE):

1 AED = 0.272 USD

• Here, AED is the base (domestic) and USD is the quote/reference (foreign).

• ✅ Foreign price of one unit of domestic currency.

________________________________________

🔑 Key Notes

• Base currency: always the “1” in the expression.

• Quote/Reference currency: the other one, expressed in relation to the base.

• Which quote (direct/indirect) is “standard” depends on the country and market.

Error: Function not available to this responsibility when DRILLDOWN from GL - Oracle EBS R12

https://generalledger-gl.blogspot.com/2019/07/error-function-not-available-to-this.html

Please add below Submenu in your Menu

XLA_SL_DRILLDOWN

DRILLDOWN Function for Subledger entries in GL is not Drilling- Oracle EBS R12

https://generalledger-gl.blogspot.com/2019/07/drilldown-function-for-subledger.html

Please add Submenu XLA_SL_DRILLDOWN in your Menu which contains DRILLDOWN for all Subledgers from GL.

If you want DRILLDOWN for a particular Subledger then add from below Function.

Seq	Submenu	Function	Description
5		XLA: Subledger Accounting Details	Subledger Accounting Lines
10		XLA: View Accounting Lines	View Accounting Lines and T Accounts
15		XLA: INV View Material Transactions	Inventory Material Transactions
20		XLA: WIP View Resource Transactions	WIP Resource Transactions
25		XLA: PO View Receiving Transactions	PO Receiving Transactions
30		XLA: FA View Transaction History	Assets Transaction History
35		XLA: PA Expenditure Inquiry	PA Expenditure Inquiry
40		XLA: PA Revenue Review	PA Revenue Review
45		XLA: Brazilian Bank Transfer	Brazilian Bank Transfer
50	Transactions View Only: Subfunctions	XLA: AR Transaction View	AR Transaction Inquiry
55	Receipts View Only: Subfunctions	XLA: AR Receipt View	AR Receipt Inquiry
60		XLA: AR Adjustment View	AR Adjustment Inquiry
65	AP_APXINWKB_VIEW_MENU	XLA: AP Invoice Workbench	AP Invoice Inquiry
70	AP_APXPAWKB_VIEW_MENU	XLA: AP Payment Workbench	AP Payment Inquiry
75		View Translator Transactions	AX Transaction Drilldown
80		XLA: CST View Periodic Material and Receiving Transactions	CST View Periodic Material and Receiving Transactions
85		XLA: CST View Periodic WIP Transactions	CST View Periodic WIP Transactions
90		XLA: PO Requisitions Summary	PO Requisitions Summary
95		XLA: PO Purchase Order Summary	PO Purchase Order Summary
100		XLA: Budget Transactions Summary	Budget Transactions Summary
105		XLA: Transaction History	Transaction History
110		XLA: Treasury Confirmation Inquiry	Treasury Confirmation Inquiry
115		XLA: Enter Budget Authority	Enter Appropriations
120		XLA: Enter Fund Distributions	Enter Fund Distributions
125		XLA: Confirm Payments	Confirm Payments
130		SLA: View Subledger Journal Entry Linesfrom a GL Journal Line	View Subledger Journal Entry Linesfrom a GL Journal Line
135		SLA: Multiperiod Journal Entry Lines Pages	View Multiperiod Journal Entry Lines
140		SLA: View Journal Entries from Supporting Reference Balances	View Subledger Journal Entry Lines from a Supporting Reference Balance line
145		Loan Drilldown	Loan Drilldown
150		JAI: Enter Receipts-India	JAI: Enter Receipts-India
155		JAI: Service Tax Payment Details	JAI: Service Tax Payment Details
160		JAI: Service Tax Manual Entry	JAI: Service Tax Manual Entry
165		JAI: Service Tax Repository Review India	JAI: Service Tax Repository Review India
170		JAI: Service Tax Distribution	JAI: Service Tax Distribution
175		JAI: India Interorg Transfer Excise Details Form	JAI: India Interorg Transfer Excise Details Form
180		JAI: Fulfilled Order India Localization	JAI: Fulfilled Order India Localization
185		JAI: Enter Transactions (AR) India	JAI: Enter Transactions (AR) India
190		JAI: Enter BOE Payment India	JAI: Enter BOE Payment India
195		JAI: Review Draft Invoices for India	JAI: Review Draft Invoices for India
200		JAI: RG-I Manual Entry India	JAI: RG-I Manual Entry India
205		JAI: RG23 Part-I India	JAI: RG23 Part-I India
210		JAI: RG Consolidation India	JAI: RG Consolidation India
215		JAI: PLA Manual Function	JAI: PLA Manual Function
220		JAI: Approve 57 F(4) India	JAI: Approve 57 F(4) India
225		JAI: Enter Manual 57 F(4) India	JAI: Enter Manual 57 F(4) India
230		JAI: View Transaction Lines	JAI: View Transaction Lines
235		JAI: View Accounting Lines	JAI: View Accounting Lines
240		India Localization Taxes	India Localization Taxes
245		XLA: FA View Financial Information	View Financial Information
250		OZF_FUND_PAIDCHK	OZF:Budget Paid checkbook
255		OZF_FUND_EARNCHK	OZF:Budget Earned checkbook
260		OZF_CLAM_DETAIL	OZF: Claim Details
265		PO Order Main Page	PBWC Create/Update Order Main Page
270		XLA: AR Bills Receivable View	Bills Receivable View
275		JAI: Enter Bill of Entry	JAI: Enter Bill of Entry
280		iProcurement: Requisition Details	Requisition Details Page
285		PLA View Transactions - India	PLA View Transactions - India
290		RG23A/C Part II View Trans-India	RG23A/C Part II View Trans-India
295		JAI: View Transaction Lines(New)
300		JAI: View Accounting Lines(New)