Exchange Rates Files Comparison

Currency File Name Purpose (Ticketing, Billing File Sourcing File Frequency IATA Rule Where it’s used Who uses it?
and Settlement, Reporting) (Reso/RP/RAM/ICH)

IATA Rates of Provides monthly updates of ICER Monthly Passenger Fare Construction, Airlines, IATA Strategic
Exchange (IROE) exchange rates (sometimes Standards Pricing, Sales Audit Partners (GDSs, Pricing
referred to as NUC – neutral Conference Tariffs Systems, Ticket System
unit of conversion) used for Manual (PSCTM) Providers (TSPs)), Travel
fare/rate construction. The Resolution 024c Agents, Consolidators
rates are based on the
average of the five banking
days ending on the 10th of
each month.

IATA Consolidated Provides daily updates of
Exchange Rates exchange rates (sometimes
(ICER) referred to as BSR – bankers
selling rate) used when (www.oanda.com
converting fares, taxes, and
fees to alternate currencies
of payment.
"70% of rates Daily (Monday through Passenger Ticketing when Airlines, IATA Strategic
sourced from Friday) Standards currency Partners (GDSs, Pricing
OANDA All rates published daily Conference Tariffs conversion is Systems, Ticket System
however, some rates are Manual (PSCTM) required Providers (TSPs)), Travel
) not updated on a daily Resolution 024c Agents, Consolidators
basis (examples: RUB,
30% sourced HRK, THB).
from bank *Currently, there is a
websites" second daily update. The
second file updates rates
with 2% or more variance
from the earlier daily file.

iata.org
Five-day Rate (FDR) The average of the exchange ICER Monthly Revenue Accounting Billing and Airline Revenue Accounting,
rates for the five banking Manual Chapter A- Settlement Supplier Community (GDS,
days ending on the 25th of 12, Ground Handlers,
each month. The rates are IATA Clearing House Operational Systems), SIS
expressed in USD, EUR, and (ICH) Reg. 16 Community
GBP. FDRs are used by IATA
Clearing House members to
convert interline billing into
the billing currency. The
previous month's FDRs are
used for the current month's
interline billing. The process
developed to calculate the
FDRs also contains a
function to identify
differentials of over 10%
between one month and the
next.

Call Day Rate (CDR) Rates for one day each ICER Weekly according to IATA IATA Clearing House Billing and Airline Revenue Accounting,
period, seven days after the Clearing House calendar (ICH) Reg. 17 Settlement Supplier community (GDS,
"advice day" that the IATA Ground Handlers,
Clearing House accepts or operational systems), SIS
makes payments. These Community
rates are used minimize the
risk associated with
currency exchange rate
variances on miscellaneous
interline billings that may
occur between the time an
invoice is billed through the
ICH and the time that it is
settled.

2
Monthly Mean Rate If the calculation of a Five- ICER Monthly Revenue Accounting Billing and Airline Revenue Accounting,
(MMR) Day Rate (FDR) Manual Chapter A- Settlement Supplier Community (GDS,
demonstrates a differential 12 Ground Handlers,
of over 10%, the ICH Operational Systems), SIS
produces an alternative rate Community
by calculating the average of
that currency's exchange
rate for the entire month.
This alternative rate is used
by IATA Clearing House
members to adjust their
cargo and passenger
invoices.