What is an ‘Exchange Rate Type’? List some of them.

The ‘Exchange Rate Type’ is defined according to various purposes such as valuation, translation, planning, conversion, etc. The commonly used exchange rate types include:

BStandard translation at bank selling rate
GStandard translation at bank buying rate
IIntrastate exchange rate type
INTInternal clearing exchange rate
MStandard translation at average rate
PStandard translation for cost planning

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