IATA Rates of Exchange (IROE)

How to apply IATA Rates of Exchange (IROE)

Where an IATA Rate of Exchange (IROE) in the following table is shown as 0.000000 this means
that no updated information has been received and the previously notified level should continue to be
applied. Where an IATA Rate of Exchange (IROE) in the following table is shown as NA this means Not Applicable. The currency is shown to provide users with the currency name and codes but no IROE is established. A currency marked ’+’ indicates that acceptance of this currency is restricted to the country concerned. MCOs for unspecified transportation issued in a currency marked ’+’ and totally unused traffic documents paid for in a currency marked ’+’ will only be honoured in the country of original payment For ticketing purposes all NUC calculations shall be carried out to two decimals, decimals beyond two shall be disregarded. For converting NUC into foreign currency, changes shall be calculated to one decimal place beyond the number of decimal places shown in the Rounding Units columns in the table ignoring any further decimal places, and, unless otherwise shown, rounded up to the next higher rounding unit for
example as follows:
- When the rounding unit is a whole number, e.g.
100, convert total fare to one decimal place
and, unless otherwise stated, round up to the
next higher unit.
- When the rounding unit is to one decimal, e.g.
0.1, convert total fare to two decimal places
and, unless otherwise stated, round up to the
next higher unit.
- When the rounding unit is to two decimal
places, e.g. 0.05 convert total fare to three round up to the next higher unit.
EXAMPLE :
NUC 721.87 multiplied by ROE
(NUC 1 = LSL 7.723499)
into Lesotho Loti =
LSL 5575.3622 =
LSL 5580 (rounding according to NUC Conversion
Factors Table).
All fares and charges (not the fare calculation items
but the total fare) shall, whether arrived at by means
of conversion or otherwise (i.e. also for discounted
children fares and other rebates), be rounded up to
next higher unit as shown in the table unless the
calculation results in a total fare, rate or charge for
passenger equal to the applicable unit.
The rounding-off units shown in the table are for
international fares, for domestic fares the roundingoff
unit may not necessarily be the same.
The decimal units column shown in the table relates
to the ’Fare Paid’ and the ’Equivalent Fare Paid’
boxes on the ticket. It is optional for taxes and when
showing entries in the ’Total’ box of a ticket.