# Average rate

> Average rate — An average of exchange rates over the period, used as a practical proxy for transaction-date rates when translating income and expenses — its method stated.

Source: https://lopifi.com/glossary/average-rate
Part of: Lopifi — US GAAP books on autopilot, checked by a CPA (https://lopifi.com)

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**What is average rate?** In accounting, average rate means an average of exchange rates over the period, used as a practical proxy for transaction-date rates when translating income and expenses — its method stated.

## Words this system refuses for it

- blended rate

- **Category:** Multi-entity
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/11-lexicon)
- **Rendered by:** [rate-table](https://lopifi.com/md/components/rate-table)
- **Related:** transaction, period