The IATA Clearing Services Exchange Rates are currency exchange files published by IATA and used to perform interline invoicing and settlement between airlines. These are world currencies published and monitored against three base currencies (EURO, GBP and USD). These files are prepared specifically for the Commercial and Revenue Accounting departments of airlines, for the Global Distribution Systems (GDSs) and for interested System Providers.

What’s inside the IATA Clearing Services Exchange Rates?

The annual subscription includes:

The Five Day Rates (FDR), expressed in USD, EUR, and GBP, is used by ICH members to convert interline billings into the billing currency.

The Monthly Mean Rates (MMR) is an alternative rate and is used only when the FDR demonstrates a differential of over 10%. Based on the average of the currency over the full month, it allows ICH members to adjust their cargo and passenger invoices.

The Call Day Rates (CDR) is used to ensure ICH members are not exposed to any currency exchange risk on miscellaneous interline billings.

Features

  • The IATA Clearing Services Exchange Rates are the sole source to support interline billing and settlement
  • Based on OANDA's exchange rates data
  • Files delivered in pdf and TXT format for system integration
  • Simple, easy to use and reliable one-stop source
  • Down loadable via IATA's extranet site or delivered directly via IINET