1. Administering Planning
  2. Accessing More Administrative Tasks
  3. Administering Dimensions
  4. Setting Up Currencies
  5. Enabling Multiple Currencies
  6. Exchange Rate Types

Exchange Rate Types

Exchange Rate Types for Standard Multicurrency Applications

For Standard multiple currency applications, these are the exchange rate types that are associated with currencies: Historical, Average, and Ending.

The exchange rate type for each account is specified in the Member Property dialog box. For average and ending rate types, enter values for all time periods. For historical rate types, enter one rate value that is used for all time periods, including the Beginning Balance period. For the Beginning Balance period, enter one rate value used for that time period for average and ending rate types.

A Standard multiple currency application supports currency conversion by triangulation through a triangulation currency.

Exchange Rate Types for Simplified Multicurrency Applications

For Simplified multiple currency applications, these are the exchange rate types that are associated with currencies: FX Rates-Average and FX Rates-Ending. See About Simplified Multicurrency.