Exchange Rate Types 

Definition

Key used to define exchange rates in the system.

Use

You can define different exchange rates for each currency pair. You then differentiate between these exchange rates using the exchange rate type.

You need different exchange rates for the following purposes, for example:

You define exchange rate types in Customizing under General Settings ® Currencies ® Check Exchange Rate Types.

Structure

The following exchange rate types exist:

For posting and clearing, the system uses the exchange rate type M (average rate). This exchange rate type must be entered in the system and you must also enter the exchange rates for this type.