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FX_TYPE

What is the significance and use of FX_TYPE property in Entity Dimension and how does it help currency translation?

Former Member
Former Member replied

It is a combination of all the different fields in the Currency Conversion rules that drive the accounting for currency translation. The preliminary driver is of course the Account rate type. You use a different FX_TYPE for entities for which you want the accounting postings to be different from the normal and make the appropriate changes to the business rules.

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