What is the significance of Default Rate type under Primary to Secondary Ledger Mapping while creati

Hi All,

We are on R12.2.4.

While creating a Secondary ledger with Data conversion level as "Journal", under Pirmary to Secondary Ledger Mapping, we have set the Default Rate type as "Spot"

Primary Ledger:- "ARS Primary Ledger" with Functional Currency of ARS

Secondary Ledger:- "ARS Secondary Ledger" with Functional Currency of USD

After Secondary ledger creation is completed, i tested the below scenarios:-

1. Created a GL Journal under ARS Primary Ledger with Entered currency of "GBP" and exchange rate type of "Spot". This journal got pushed to ARS Secondary ledger with Exchange rate type of "Spot" which is good