Currency Rate Type

Currency Rate Type is used to view and edit all currency rate types entered in the system.

Currency rate types are used in the Currency Rate table to establish exchange rates between two currencies for given date. For example, if the rate to be used for accounts payable documents is different from the rate to be used for account receivable documents, you could enter both of those rates in the rate table for the same currency and effective date, but assign them different rate types.

1. Active denotes whether the currency rate type is active. Inactive currency rate types cannot be assigned to documents, customers, vendors, accounts or currency rates.

2. Currency Rate Type is a unique identifier for the type of currency exchange rate.