Setup step on the Exchange rate types page · General ledger

Set up Exchange rate types

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

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 is	An exchange rate type defines the table of exchange rates and currencies to use.
What you do here	Used to set up the sets of exchange rates that are selected on the ledger and on main accounts to convert and translate amounts.
Example	For 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 process	Define accounting policies › Develop currency policies
Menu path	General ledger › Currencies › Exchange rate types
Set up first	—
Used next by	Currency exchange rates Microsoft Learn ↗Ledger Microsoft Learn ↗Main accounts Microsoft Learn ↗Import currency exchange rates Microsoft Learn ↗
Related pages	—
In this process	← Set up Currency exchange rates · Set up Currencies →

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.

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 type Default
Name Default global rate
Show the full screen
page title tab to open what to set or check

1Exchange rate type	Default
Name	Default global rate

Microsoft's steps

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

Source: Microsoft Learn ↗

Field guide

Field	What it means	Worked example	Table column
Exchange rate type	A 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 rate	`Name`

Functional consultant

4Setup decisions

Setup step	Recommended value and why	Decision · common mistake · test
Set up Exchange rate types	—	—

Solution architect

5Design impact

Shared or per company	Shared: the same records are used by every legal entity. Microsoft data model ↗
Can it be undone	—
Feature or country	—
If you change it later	Exchange 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 item	`ExchangeRateType` Checked in Dynamics 365
Form	`ExchangeRateType` Checked in Dynamics 365
Table	`ExchangeRateType`Shown as “Exchange rate type” in Record infoKey field: NameChecked in Dynamics 365
Data entities	`ExchangeRateTypeEntity`Exchange rate type Microsoft data model ↗
Who can open it	PrivilegesMaintain currency exchange rate types `CurrencyExchangeRateTypesMaintain`View currency exchange rate types `CurrencyExchangeRateTypesView`DutiesEnable general ledger process `LedgerGeneralLedgerProcessEnable`Inquire into general ledger reference data `LedgerGeneralLedgerReferenceDataInquire`Enable general ledger process `RentalLedgerGeneralLedgerProcessEnable` 9 security roles Budget manager `BudgetBudgetManager`Chief financial officer `CompanyChiefFinancialOfficer`Accountant `LedgerAccountant`Accounting manager `LedgerAccountingManager`Accounting supervisor `LedgerAccountingSupervisor`Financial controller `LedgerFinancialController`Rental manager `RentalManager`Rental purchasing manager `RentalPurchasingManager`Rental sales manager `RentalSalesManager` Checked in Dynamics 365
Actions on the page	Buttons: Exchange ratesChecked in Dynamics 365

Developer

7Developer

Open it directly	`https://<your-environment>/?mi=ExchangeRateType`
Integrate with	`ExchangeRateTypeEntity` data entity Microsoft data model ↗
Table definition	`ExchangeRateType` columns and relations Microsoft data model ↗