You are here: Help Topics > Engagement Management > File Preparation > Foreign exchange rate settings
-- Reference --
Foreign Exchange Rate Settings
Specify the type of foreign exchange rate being imported in the Default Foreign Exchange Rate Type drop-down.
| Option | Description |
|---|---|
| Depends on Account Type | This is the default selection. If the new imported account is of Balance Sheet (B) type, its Foreign Exchange Rate type will be automatically formatted to Current. If the account is of Income Statement (I) type, the associated Foreign Exchange Rate type will be Historical. |
| Current | If selected, all accounts imported are set to Current. |
| Historical | If selected, all accounts imported are set to Historical. |
