There are 5 basic types of conversion rate types predefined in Oracle GL: SPOT: An exchange rate based on the rate for a specific date...
There are 5 basic types of conversion rate types predefined in Oracle GL:
SPOT: An exchange rate based on the rate for a specific date. It applies to the immediate delivery of a currency.
CORPORATE: An exchange rate that standardize rates for your company. This rate is generally a standard market rate determined by senior financial management for use throughout the organization.
USER: An exchange rate that you enter during foreign currency journal entry.
EMU FIXED: An exchange rate that is used by countries joining the EU during the transition period to the Euro currency.
USER DEFINED: A rate type defined by your company to meet specific needs.
