Entering currency rate types

A currency rate type is used to allow different rates that use the same currency conversion pairs within the same period.

You can create any number of currency rate types and link them to:

• Currency Period Rate
• Currency Daily Rate
• Journal Type
• Payment Profile
• Ledger Revaluation Profile

You cannot delete a currency rate type if it is:

• the Default Currency Rate Type.
• referenced by any existing Currency Period of Currency Daily Rate.
• linked to a Journal Type, Payment Profile or Ledger Revaluation Profile.

Currency Rate Type

The code that identifies the currency rate type. The 'Default' currency rate type can be renamed if required.

Description

Enter any description or comment for this currency rate type.

Lookup Code

The lookup code.