MT381: (13) Field 92B: Rate: Exchange Rate
FORMAT
| Option B | :4!c//3!a/3!a/15d | (Qualifier)(First Currency Code)(Second Currency Code)(Rate) |
PRESENCE
Mandatory in mandatory sequence B
QUALIFIER
(Error code(s): T89)
Order |
M/O |
Qualifier |
R/N |
CR |
Options |
Qualifier Description |
|---|---|---|---|---|---|---|
1 |
M |
EXCH |
N |
|
B |
Exchange Rate |
DEFINITION
This qualified generic field specifies:
EXCH |
Exchange Rate |
Exchange rate between the amount and the resulting amount. |
NETWORK VALIDATED RULES
First Currency Code and Second Currency Code must be valid ISO 4217 currency codes.
The integer part of Rate must contain at least one digit. A decimal comma is mandatory and is included in the maximum length.
USAGE RULES
The order of the two currencies specified here is independent of the currencies in the amount fields. Therefore the exchange rate can be expressed as a reciprocal if required.
For the calculation of the rate itself, the First Currency Code will be the base currency and the Second Currency Code will be the quoted currency (1,00 First Currency Code = [Rate] Second Currency Code).
EXAMPLE
The exchange rate between US dollars and pound sterling can be shown as:
:92B::EXCH//GBP/USD/1,619
(1,00 GBP = 1,619 USD)
or as
:92B::EXCH//USD/GBP/0,618
(1,00 USD = 0,618 GBP)
