Currency Exchange Rate Types
Currency Exchange Rate Types allow for multiple different versions of exchange rates for various purposes. This enables different exchange rate values to be entered for the same pairings over the same period of time.
When a transaction is posting, the exchange rate type is set as default and this exchange rate will be used. However, when processing budgets or closing a financial period, a different exchange rate type can be selected.
GYDE365 recommend three Exchange Rate Types:
DEFAULT : Used for everyday exchange rate
BUDGET : Used for budget and forecasting exchange rates
CLOSING : Used for closing period end
Additional information available from Microsoft. Follow the link below:
Learning with Microsoft
Learn how to configure the currency setup in Dynamics 365. Follow the link below: