What are the RATETYPE except AVG and END?

Question

Hi gurus,
I have few question regarding RATETYPE.
1) What are the other RATETYPE except AVG and END?
2) When do you use AVG rate and when do you use END rate?
Thanks,
Charly

Answer 1

Charly,
Each member of the Account dimension is assigned one and only one Rate Type. You create the "Rate Types" in the Rate cube and then you assign each Account in the Account dimension a rate type (via the Rate Type Property).  
You can have 100 different rate types if you wish.  How many rate types do you need per currency?  (Avg, AvgQTD, AvgYTD for example, or you can only use one rate type for your currency translation between your Local (input) currences and your Reporting Currencies.  For example, Balance Sheet accounts commonly use an AVG rate and P&L Accounts often use an END rate.  If you wanted to use a YTD AVG or a QTD AVG rate for each currency then you'd add these as rate types in your Rate cube then you could load these rates and use them in calculations.
AVG usually means the Average exchange rate for the period, whereas END means the END rate for the period.
Please let me know if this answers your question.
Greg