Default Rate types are used to default the rate type on a transaction to get the value of the transaction in the functional currency.  The rate type will be used to default a rate for the currency pair of a transaction.  For example: The functional Currency of your company is USD and the transaction you are entering is CAD - the rate type for a CAD to USD conversion will be used to find the appropriate rate for the transaction.

 

  1. Log in as Admin user
  2. On user’s menu panel, go to System Manager folder then click Company Configuration
  3. Click the Multi Currency tab on System Manager module
  4. Select the rate type for Each module.

Note:

How to Add a Currency Exchange Rate Type

 

 

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