Which ABAP type is used for currency values?

The correct choice for representing currency values in ABAP is TYPE CURR. This specific type is designed to handle monetary values, ensuring that they are correctly formatted and can accommodate the necessary decimal places that are typical for currencies.

The TYPE CURR definition automatically includes a relevant currency code associated with the value, which is crucial for applications dealing with financial data. Using TYPE CURR also facilitates built-in currency conversion and formatting operations, allowing for easier manipulation of currency values within the SAP environment.

This option is specifically tailored for financial applications where precision and adherence to currency-related rules are critical, distinguishing it from general number types that may not incorporate currency formatting or relational properties.

While other types, such as TYPE P (packed number), can represent numerical values, they lack the specific functionality required for currency representation. TYPE STRING is primarily utilized for textual data without any inherent format, making it unsuitable for currency purposes. TYPE DEC is generally meant for decimal types but does not specifically address all the requirements for currency, such as linking to currency codes. Thus, TYPE CURR is the preferred and most appropriate choice for currency values in ABAP programming.