Currency translation rate types

Translation rate types are used to determine how the specific translation rates are computed and used. These translation types exist in the Currency solution:

Currency translation rate	Description
Period Balance	The rate is applied to the period balance. This rate type is used to translate balances for income statement accounts.
Ending Balance	The rate for the last day of the period. The rate is applied to the year-to-date ending balances. This rate is used to translate balance sheet account balances.
Historical Balance	The rate is calculated by multiplying the current period's activity by the period rate. That amount is then added to the previous period's balance.
No Calculation	Use this rate type for accounts that are not included in the translation calculation.

Rate types are assigned to balance sheet or income statement accounts through a translation code.