In this section, you define new exchange rate types for planning.
Exchange rate types are used to define currency translation rates in the system different purposes at the same date. You cannot delete the predefined entries.
The system uses exchange rate type "M" when you post and clear documents.
Exchange rate type "M" must exist in the system because the system uses this to translate currencies when you post and clear documents.
The system is delivered with exchange rate types G (buying rate), B (selling rate) and M (average rate). If you do not specify an exchange rate type, the system automatically sets it at M.