The successful performance of international air transport depends on the ability to establish Tariffs, to avail of the service of interline partners and to settle amounts due for such interlining traffic in an agreed currency of settlement. In order to establish selling fares and to perform interline invoicing and settlement airlines must have Rates of Exchange between world currencies. Tariff Conferences, Revenue Accounting Meetings and the Clearing House Panel have developed and maintained rules by which Exchange Rates are monitored against base currencies (USD, GBP, EURO).
The results of this analysis are published to both the Commercial and Revenue Accounting departments of airlines, to Global Distribution Systems (GDSs) and to other interested parties such as System Providers.
The following six sets of rates are produced for use within the airline environment: