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Setup page · General ledger

Exchange rate types

An exchange rate type defines the table of exchange rates and currencies to use.

Used by
Accountant, Accounting manager, Accounting supervisor and 6 more roles
Business process
Develop currency policies
Menu item
ExchangeRateType
Main table
ExchangeRateType
Data entity
ExchangeRateTypeEntity
Setup steps
1 on this page
Show what matters for

Everyone

1What it is and why

What it isAn exchange rate type defines the table of exchange rates and currencies to use.
What you do hereUsed to set up the sets of exchange rates that are selected on the ledger and on main accounts to convert and translate amounts.
ExampleFor example, a company can keep separate Buy, Sell, Spot, and Budget rates for the same two currencies.
Exchange rate types page in Dynamics 365
The page in a working Dynamics 365 system. page title tab to open what to set or check

Functional consultant · Solution architect

2Where it fits

Business processDefine accounting policies › Develop currency policies
Menu pathGeneral ledger › Currencies › Exchange rate types
Set up first—
Used next byCurrency exchange rates Microsoft Learn ↗Ledger Microsoft Learn ↗Main accounts Microsoft Learn ↗Import currency exchange rates Microsoft Learn ↗
Related pages—

End user · Functional consultant

3How to do it

Step by step, with screenshots

Set up Exchange rate types1 screen

Used to set up the sets of exchange rates that are selected on the ledger and on main accounts to convert and translate amounts.

  1. Screen 1

    Review the exchange rate types

    Go to General ledger > Currencies > Exchange rate types

    1. Find the Default exchange rate type
    2. Select New only if you need another rate type
    1Exchange rate typeDefault
    NameDefault global rate
    Review the exchange rate types (zoomed on the outlined fields)
    Show the full screenReview the exchange rate types
    page title tab to open what to set or check

Microsoft's steps

  1. Go to General ledger > Currencies > Exchange rate types.
  2. Select New.
  3. In the Exchange rate type field, enter an ID for the type.
  4. In the Name field, enter a name.
  5. Select Exchange rates to view or enter the rates for this type.

Source: Microsoft Learn ↗

Field guide

FieldWhat it meansWorked exampleTable column
Exchange rate typeA named group of rates, such as Buy, Sell, Spot or Budget, so two currencies can have different rates for different uses.Microsoft Learn ↗Default—
Name—Default global rateName

Functional consultant

4Setup decisions

Setup stepRecommended value and whyDecision · common mistake · test
Set up Exchange rate types——

Solution architect

5Design impact

Shared or per companyShared: the same records are used by every legal entity. Microsoft data model ↗
Can it be undone—
Feature or country—
If you change it laterExchange rate types are shared across all legal entities, so a change to a type affects every company that uses it. Microsoft Learn ↗

Technical architect

6Technical

Menu itemExchangeRateType Checked in Dynamics 365
FormExchangeRateType Checked in Dynamics 365
TableExchangeRateTypeShown as “Exchange rate type” in Record infoKey field: NameChecked in Dynamics 365
Data entitiesExchangeRateTypeEntityExchange rate type Microsoft data model ↗
Who can open itPrivilegesMaintain currency exchange rate types CurrencyExchangeRateTypesMaintainView currency exchange rate types CurrencyExchangeRateTypesViewDutiesEnable general ledger process LedgerGeneralLedgerProcessEnableInquire into general ledger reference data LedgerGeneralLedgerReferenceDataInquireEnable general ledger process RentalLedgerGeneralLedgerProcessEnable
9 security rolesBudget manager BudgetBudgetManagerChief financial officer CompanyChiefFinancialOfficerAccountant LedgerAccountantAccounting manager LedgerAccountingManagerAccounting supervisor LedgerAccountingSupervisorFinancial controller LedgerFinancialControllerRental manager RentalManagerRental purchasing manager RentalPurchasingManagerRental sales manager RentalSalesManager
Checked in Dynamics 365
Actions on the pageButtons: Exchange ratesChecked in Dynamics 365

Developer

7Developer

Open it directlyhttps://<your-environment>/?mi=ExchangeRateType
Integrate withExchangeRateTypeEntity data entity Microsoft data model ↗
Table definitionExchangeRateType columns and relations Microsoft data model ↗

Everyone

8Sources and checks