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Dec 27, 2016 at 07:46 PM

Ex Rate Type Used for Customs declarations


Hello Experts!

I have quick question.

We have Exchange Rate Type in the control settings of the customs regulation. And I can setup exchange rate type here to be used for currency conversions on the export / import declarations.

However, I also see "IATA Rate Type" available which is by default setup as "M". This field also allows us select from the available list of exchange rate types.

Can anybody tell me what is this IATA Rate Type means when it is used?

If I want to use ex rate type GTSC so, just maintaining Exchange Rate Type = GTSC

and leaving - IATA Rate Type as Blank works?

Please advice