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:

  • Valuation

  • Conversion

  • Translation

  • Planning

You define exchange rate types in Customizing under Start of the navigation path General Settings Next navigation step Currencies Next navigation step Check Exchange Rate Types End of the navigation path .

Structure

The following exchange rate types exist:

  • Buying rate

  • Bank selling rate

  • Average rate

Note Note

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.

End of the note.
  • Historical exchange rate

  • Key date exchange rate