1. Accounting Foundation Cloud Service Core Functions
  2. Balance Computation
  3. Currency Exchange Rates
  4. Staging
  5. Currency Rate Nature with Seeded List of Values

14.1.2.3 Currency Rate Nature with Seeded List of Values

The Rate nature and its description are described here.

  • Floating (FLTG): This is the floating rate prevailing in the market.
  • Fixed (FIXED): This is the rate fixed by the bank or regulator (for reporting) for a particular purpose. For example, pricing.
  • Forecast: These are the rates forecast and provided by a cloud service.