Exchange Rate Types
Typically, the default Exchange Rate Type (ERT) is used against Documents but it is possible to specify that particular document types use another ERT e.g. Revaluation journal set to use COMPANY RATE.
Different exchange rates can be set-up which differ from their normal default rate.
A common reason for recording more than one Exchange Rate Pair and ERT combination is that e.g. default ERT is daily and the Company rate is set once a month.
This new Company rate is exactly the same as the other types, it is just another category so people could have a different exchange rate set-up to their normal default rate - for example, they might for instance use this in the month end revaluation posting
Updated January 2025