National Accounts   |   Statistics Division

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Glossary - Definition of Term

Term
UN Operational rates
Definition UN Operational rates are used for UN accounting purposes including settlement of UN inter-office transactions. Whenever they are available, market exchange rates are used. Otherwise, the UN Operational rates should reflect the most favourable legal exchange rate available to the United Nations. In general, UN Operational rates should approximate the market exchange rates provided by the IMF. In a limited number of special cases, they may be significantly different, reflecting the particular circumstances facing the Member State concerned. To make UN Operational rates as realistic as possible, in many cases, they may well approximate the unofficial market rates prevailing in relevant member states.

[See also United Nations Treasury]
 
It is acknowledged that this glossary uses descriptions of the OECD glossary of statistical terms, the Glossary of the System of National Accounts 1993 and the UN classifications registry.
 

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