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What is FND FORMAT_CURRENCY in Oracle Reports ?

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What is FND FORMAT_CURRENCY in Oracle Reports ?

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To format the currency amount dynamically depending upon the precision of the actual currency value, standard precision, users profile values and location (country) of the site.

You obtain the currency value from the database into an Oracle Reports column.Define another Oracle Reports column, a formula column of type CHAR, which executes the FORMAT_CURRENCY user exit to format the currency value.

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